Important disclosure
Disclosure
HISTORICAL STATISTICS AND SALES PRICE TRENDS ARE USED FOR COMPARATIVE MODELING PURPOSES ONLY. COMMISSIONS, EXPENSES, AND OTHER FACTORS WILL CREATE SIGNIFICANT DIFFERENCES BETWEEN THE RESULTS OF AN INVESTMENT IN NFT AND THE GROSS RETURNS REFLECTED IN THE HISTORICAL ART PRICE DATA PROVIDED ON THE WEBSITE.
INVESTORS ARE CAUTIONED THAT NO SELECTION OF SIMILAR ARTWORKS CAN BE DIRECTLY COMPARABLE TO THE PERFORMANCE OF ANY PARTICULAR ARTWORK OR INVESTMENT, AS EACH ARTWORK IS UNIQUE AND HAS ITS OWN UNIQUE RESULTS AND VOLATILITY, AND SUCH HISTORICAL DATA FOR A SELECTED GROUP OF ARTWORKS, IF SHOWN, SHOULD NOT BE CONSIDERED AN ACCURATE COMPARISON. THE AVERAGE RATE OF GROWTH IN VALUE REFLECTED IN THE TREND LINE FOR SIMILAR WORKS OF ART MAY NOT REFLECT THE RESULTS OF A PARTICULAR WORK OF ART.
FUTURE PERFORMANCE IS NEVER THE SAME AS PAST PERFORMANCE. PAST RATES OF VALUE GROWTH MAY NOT BE INDICATIVE OF FUTURE RATES OF VALUE GROWTH, AND ANY EXPECTED RETURNS OR PAST RETURNS MAY REFLECT THE PERFORMANCE OF WORKS OF ART AND THEIR BENCHMARKS OVER A LIMITED TIME FRAME OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS.
Materials may include estimates of historical appreciation rates based on publicly available historical auction sales data for similar items. These indicators may be presented as graphs, charts, or diagrams, or may be presented as a trend related to specific segments of the entire art industry, a specific artist, or an art object offered through the site and project. Art sales price data is used for comparative modeling purposes only. Each art object is unique, and the historical price trends of a group of selected artworks are not a direct indication of the historical price trends of any particular painting or any investment in securities mentioned on the site. There is no current market for any securities and/or tokens mentioned on the site, and any investment in such securities will reflect the costs and fees described in the project materials that are not reflected in the provide data.
All historical price information is of limited usefulness in predicting future price performance, and future sales price trends may differ materially from or be below historical performance.
We are strongly advises investors not to rely excessively on the historical data presented, and we note the following:
Compiling important art price growth data is inherently challenging and subject to a number of significant limitations and subjectivity that greatly limit the applicability of such data for estimating future price growth rates. Difficulties in estimation arise because of the unique nature of each painting, and because paintings have usually been held in collections for many years and have never been offered at auction, or even for several decades, which most often makes it impossible to find sufficient recent data on actual sales to determine a trend line of price growth. To try to estimate how much a particular painting has risen in price over time, you often need to extrapolate from sales data on a number of similar works by the same artist. Let's assume an average estimate of the price
per square centimeter of an artwork based on the average calculated price per square cent in recent auctions. The criteria for selecting "similar" works are highly subjective, and even experts are likely to disagree on which works or characteristics, such as size, colors, subject matter, condition, etc., should be included or excluded from any particular set of comparisons. The level of subjectivity depends on the uniqueness of the artwork. In addition, private sales data, which includes most sales, is often unavailable or inaccurate, so the data set usually consists only of public auction sales data. The availability of public auction data varies from artist to artist. There can be no guarantee that the average or expected valuation or any actual results shown on the site will result in the expected results or be predictable. It should not be assumed that investors in the future will receive returns comparable to those shown or that any or all investors on the site have received such returns.
Statistical data
The site may use abstract illustrations and example charts, diagrams to visually represent an idea, concept or process. These exemplary or fictitious illustrations can be easily identified as such because they generally indicate that they are presented for illustrative purposes only and, unlike actual charts, diagrams, graphs and non-fictitious data, do not reference any specific data source. Any figures, percentages or statements given in connection with fictitious illustrations are also given for illustrative purposes only or as an example of one possible result and should not be relied upon or given any significance.
Notice to Foreign Investors
The material is intended solely for persons within the Switzerland. If the recipient of the materials resides outside the Switzerland, he shall be responsible for full compliance with the laws of any relevant territory or jurisdiction outside the Switzerland. And in connection with any purchase of ArtChips, including obtaining the necessary governmental or other approvals or compliance with any other necessary legal or other formalities. Unless otherwise indicated on the project website and in the documents on the website, investors has not qualified the offer of participation in any jurisdiction outside the Switzerland.
Third Party Information
The information on the website and the project, including statistical data, third-party data and other factual statements set forth in the materials, has been obtained from publicly available sources prepared by other parties that are believed to be generally reliable. However, neither ArtChips nor any of its project executives, team members, officers, employees or agents accepts any responsibility for the accuracy of such information. There are no representations or warranties as to the accuracy, adequacy or completeness of any such information used on the site or in the materials.
KYC
ArtChips Project applies strict compliance rules and only accepts investors who have been duly identified themselves in the course of the digital onboarding and later in trading on internal secondary market. The company applies the Know-your-Customer Guidelines (KYC) and makes sure that all requirements of the Anti-Money Laundering Regulations (AML) are fully met under applicable law.
Person owning ArtChipos is responsible for providing information about their ownership related to the KYC. Due to EU AML5 law, we expect that participants holds tokens under 8500 EUR responsible to pass the KYC within 30 days after purchase.
Any person who didn't pass the KYC as requested and / or later purchases tokens on the secondary market but fails the full KYC/AML verification process may not exercise their rights in respect of these tokens.
Tax
Each person owning ArtChips is responsible for providing information about their ownership to the taxing authority. We do not expect that participation in the project will generate taxable income during any tax year other than the tax year in which the artwork is sold, and only if the artwork is sold at a profit. You are advised to consult with your tax advisor before making an investment.