DISCLAIMER
Please carefully read all details of the disclaimer in this white paper. The following details apply to all individuals reading this white paper: The information and data included in this KPOPP white paper (hereinafter referred to as “the white paper”) shall be prepared “as they are” before provision. MUDICHAIN Foundation (hereinafter referred to as “the Company”) shall possess the authority to modify and update the information contained in this white paper anytime at its discretion.
All information shared in this white paper may be modified at any time in the future.

1. The primary purpose of this white paper is to introduce KPOPP Token, which is being prepared by the Company, and provide relevant information. This white paper shall not legally bind the Company or KPOPP Token. All statements in this white paper are not for imposing subscription, purchase, investment proposal, or investment.
2. All information and analysis contained in this white paper shall not be used as the basis of investment decisions in any case and shall not be interpreted as providing investment proposals or advice. Certain statements on future predictions and data contained herein are only estimates, which may be modified for whatever reason. Therefore, the Company shall not provide any guarantee on the contents nor take any responsibilities.
3. Directors, agents, employees, contracted parties, and sales partners related to the Company shall not expressly take any responsibility for all kinds of losses or damages, including direct and indirect losses or damages caused by the information contained herein:
   1. Accuracy and completeness of contracted details based on this white paper.
   2. Error or omission of the white paper.
   3. A case where the parties are unable to use this white paper due to an unknown reason.
   4. All types of losses or damages caused by this white paper or the use of the white paper.
4. Moreover, the Company hereby expressly rejects all responsibilities for the following losses, which can be caused by decision-making activities based on the use of the information contained herein, even if the Company has received a warning notification in advance or if the loss could have been predicted:
   1. All types of benefits, profits, liabilities, and financial losses.
   2. Income from business transactions, business activities, and operating profits, sales and capital losses, liabilities, and other losses.
   3. Data loss or damage.
   4. Incidental or special losses.
   5. Incorrectly used or damaged management time.
   6. Indirect or unavoidable losses.
5. Contents of this white paper may be updated or modified based on KPOPP Token’s continuous business management, market changes, technological development, and token regulations. However, KPOPP Token shall have no obligation to inform or report to its subscribers on cases, platforms, future plans, estimated values, and other changes within the error range specified in this white paper.
6. Information on laws, taxation, regulations, financial affairs, and accounting shall compose no legal consultation. Physical losses can occur for token owners, including physical assets paid for purchasing tokens. Before purchasing the tokens, it is strongly recommended to allow a proper expert to participate in this service on taxation, regulations, financial affairs, laws, etc., for potential risk, profits, and other results that may occur by possessing the tokens.
   If you have any questions regarding the information in this document, which is shared by this white paper, we strongly recommend you allow the service participation of a proper expert, including but not limited to accountants, lawyers, or other experts, before purchasing.
7. Each token purchaser shall be responsible for carefully reviewing legal and regulatory requirements within the jurisdiction on acquiring and disposing of tokens, and restrictions on foreign currency (including income tax).
8. Issuance and distribution of this white paper shall be prohibited in the jurisdiction where the issuance and distribution are prohibited for any reason. The information in this white paper is not verified or approved by the regulatory authority, and all actions that violate the laws shall not affect the Company. It does not guarantee compliance with all regulations of the country where this white paper has been issued and distributed.
9. This white paper is official data prepared in English to explain KPOPP Token. This document may be translated into other languages and be used as a bridge for written or oral communication with potential and existing purchasers. This process may accompany distortion, incorrect interpretation, and damage to some information. Thus, please be careful as it may not guarantee the accuracy of these alternative tools for communication. The information in this official white paper prepared in English shall take precedence over all other information in case of inaccurate communication.
10. The contents of this white paper shall have copyright. The individual sections of this white paper may be downloaded or printed only for personal use in cases where other proprietary rights notices can be preserved. The entire or part of this white paper shall not be duplicated using electronic means or other methods and shall not be edited, linked, or used for public or commercial purposes without prior written approval from the Company. It is strongly recommended to allow a proper expert to participate in this service on taxation, regulations, financial affairs, laws, etc., for potential risks, income, and other results that possession can generate.

INVESTMENT RISK
The Company informs the purchasers of various risks, including the probability of substantial losses related to token purchases and payments. This white paper does not guarantee the accuracy of information on risk burden or uncertainty, which are listed below. Transaction and possession of the tokens expressly consist of the consent of the purchasers, who have recognized the inherent risk burden of purchasing the tokens without any guarantee.

1. Blockchain risk: Transaction handling may take longer than expected or be nullified due to congestion on the blockchain system. In particular, the smart contract for issuing and distributing tokens is based on Luniverse blockchain technology. The Luniverse protocol may include all types of vulnerabilities and various bugs, including those that cause loss of tokens. In addition, significant damage may occur to the Company and token purchasers due to problems associated with the Luniverse blockchain.
2. Personal information risk: The purchaser’s personal information is required for distributing and controlling the tokens stored in the purchaser’s digital wallet. As such, the tokens stored in the purchaser’s digital wallet may be lost if personal information is leaked. Furthermore, a third party may access the digital wallet to steal the tokens if personal information is leaked.
3. Security risk: Like all other cryptocurrencies, KPOPP Token is vulnerable to mining attacks such as ‘double spending attacks’ or ‘51% attacks.’ Hackers or other groups with malicious intentions might use the attacks mentioned above to target the Company or tokens, and the successful result of the intended attack on the blockchain might cause serious damage to the tokens and their transactions.
4. Digital wallet compatibility risk: The purchaser shall use a technologically compatible digital wallet to purchase and store the tokens. Other incompatible digital wallets may not authorize access to the tokens purchased by the purchaser.
5. Risks associated with uncontrollable events: KPOPP Token is still in its development process, and the Company is putting reasonable efforts into developing KPOPP Token and being faithful to the source of this white paper. However, details related to laws, design, technology, administrative laws, etc., may be modified by special circumstances. Similar circumstances might occur in uncontrollable events such as modification of the regulatory framework, modification of essential authorization and license or taxation policy, appearance of a platform or open source that may cause a negative impact on the Company or KPOPP Token, lack of interest in the market, and other factors during the development process of KPOPP Token. Regarding this, the Company shall not take any responsibility or provide compensation for damages such as decreased value of tokens or loss of liquidity caused by such factors.