⚠️Disclaimer

The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any interests in any securities. Certain statements herein may constitute forward-looking statements. When used herein, the words “may,” “will,” “should,” “project,” “anticipate,” “believe,” “estimate,” “intend,” “expect,” “continue,” and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives of Ducat, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of Ducat in its development of the system, network, its components, and the tokens to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. No representation or warranty is made as to future performance or such forward-looking statements. All forward-looking statements herein speak only as of the date hereof. Ducat expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectation with regard thereto or any change in events, conditions, or circumstances on which any such statement is based. You are not to construe this whitepaper as investment, legal, tax, regulatory, financial, accounting or other advice, and this whitepaper is not intended to provide the basis for any evaluation of an investment in an interest. The DUCAT token will not be offered in the United States or to U.S. persons, or to residents of certain other prohibited jurisdictions. The information provided in this document is for general informational purposes only. It does not constitute, and should not be considered, a formal offer to sell or a solicitation of an offer to buy any security in any jurisdiction, legal advice, investment advice, or tax advice. If you are in need of legal advice, investment advice or tax advice, please consult with a professional adviser. The Ducat protocol is under development and is subject to change. As such, the protocol documentation and contents of this document may not reflect the current state of the protocol at any given time. The protocol documentation, document, and website content are not final and are subject to change.

The Ducat protocol is highly experimental. UNIT is designed to be a highly experimental overcollateralised algorithmic unit of stable account, soft-pegged to approximately one US Dollar, conditional on the market constraints of UNIT supply, UNIT demand, and UNIT's Bitcoin overcollateralisation. Nothing stated herein should EVER be construed as a guarantee or pledge that a UNIT token will equal a US Dollar under all or even most circumstances.

If the Ducat Protocol does not balance supply and demand for UNIT as expected, or if other unforeseen issues de-link UNIT with Protocol members’ BTC collateral, your UNIT may be exposed to material loss, and your DUCAT tokens may be rendered worthless.