Creating a new paradigm for
Digital Asset Management

Table of Contents

  • 03 Background
  • Emergence and growth of the Crypto Fund
    Problems of Centralized Exchanges
    Emergence and problems of the DeFi model
    Vision of LINKFLOW
  • 08 Market Analysis
  • Trends and Potentials in the DeFi Market
  • 09 LINKFLOW Platform
  • Earn
  • 12 Prime Brokerage
  • Concept of Prime Broker
    LINKFLOW Prime Brokerage Service
    Cryptocurrency Earn Service
    Real-time Detailed Report
    Flexible Asset Management
    Algorithm Trading
    Liquidity Provide
  • 18 LINKFLOW TOKEN
  • LF Token
    LF Token Liquidity Pool
    Governance
    Risks and solutions (Black Swan)
  • 21 TOKEN Allocation Plan
  • Token Allocation
  • 22 LINKFLOW Roadmap
  • 23 LINKFLOW Team
  • 24 Legal Notice

*Temporary diagrams were included for the purpose of determining the flow. Diagrams and images are under design.
*Only the text, excluding diagrams and images, will be requested for translation.

02.Table of Contents

Creating a new paradigm for Digital Asset Management

Background

Emergence and growth of the Crypto Fund

Recently, the cryptocurrency market has reached a point where it is moving beyond the singular technology of the Centralized Exchange (CEX) due to the explosive increase in trading volumes. There are more than 1,600 types of cryptocurrencies listed currently, and they are traded at different prices on more than 120 centralized exchanges worldwide.

In addition to this, huge investments from numerous global investment institutions including Goldman Sachsamong others are continuously flowing into the cryptocurrency market, and cryptocurrency based funds (Crypto Funds) such as Grayscale's Bitcoin Investment Trust (GBTC) and the Polychain Capital Fund are quickly being established in Asia, Europe, and the United States. The number of established Crypto Funds is estimated to reach more than 500 by the end of 2021 and the amount of assets managed through these Crypto Funds has exceeded about $4 billion.

Crypto Funds show high growth rates because of the current high returns on funds blacked by appreciating cryptocurrency, increased public interest in cryptocurrency investment, thirst for new investment strategies that deviate from traditional methods, and a great volatility in the cryptocurrency market that provides opportunities for higher revenue realization.

However, despite the rapid growth of the investment fund market using cryptocurrency, many investors are still struggling to find the right place to invest, expressing concerns about the cryptocurrency market as an investment vehicle in general.

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03.Background

Creating a new paradigm for Digital Asset Management

Background

Problems of Centralized Exchanges

The problems of the Centralized Exchange (CEX), which is the core of Centralized Finance (CeFi), are largely divided into two issues. First, service interruption from downed servers due to sudden increase in traffic or possible issues during the operation of the exchange. Second, CEXes are a single target for hacking attacks since they provide a single high value target.

Even the world's leading major exchanges, when traffic increases momentarily due to the listing of new coins, rapid increase in users, or explosive transaction volume of certain coins during big price movements, the server cannot handle this and experience a downtime and service breakdowns. If the exchange's server goes down, all possible damages incurred until the server status is restored due to inability to make trades or margins which are called while user access is denied are burdened by the users themselves and in many cases these losses can be huge.

In addition, centralized exchanges are always at risk of potential hacking and system exploits. A prime example of a famous and early hack is the case of Mt. Gox. An estimated 850,000 Bitcoin (BTC) were stolen, and shortly after, Mt. Gox filed for bankruptcy in court which resulted in numerous victims.

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04.Background

Creating a new paradigm for Digital Asset Management

Background

Problems of Centralized Exchanges

Mt. Gox's case was not just limited to the damage that users suffered, but was enough to make a big impact on the entire cryptocurrency market. At that time, the price of Bitcoin (BTC) dropped to 90% from its peak, and the aftermath affected the cryptocurrency market for 2 to 3 years afterwards.

It is generally agreed that most cryptocurrency exchanges currently in operation have various technical limitations such as the order quantity limitations, order processing speed, server management, and security issues related to hacking. In addition, as there are moral issues such as embezzlement and bankruptcy of the exchange itself, as well as the difficulty of opening a corporate account, the absence of prime brokerage services that can guarantee the stability of funds, and the limitations of the hedging market tools. Because of these, investors and institutions face difficulties in finding solutions to safely and reliably build crypto-based trading instruments or enter the crypto market.

05.Background

Creating a new paradigm for Digital Asset Management

Background

Emergence and problems of the DeFi model

The Centralized Finance (CeFi) model continues to be criticized for failing to capitalize and hold with the primary value of using "transparent distributed ledgers," which is the essence of blockchain technology. Because of this, DeCentralized Finance (DeFi) - a new financial model, has emerged to solve this problem.

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The DeFi market has seen explosive growth over the past few years, based on its many advantages. It has low barriers to entry allowing anyone, without the need for centralized institutions or intermediaries, to easily access traditional financial services such as loans, trading and investments, and has no prohibitive censorship systems such as contracts or accredited certificates, unlike existing centralized services.

The explosive increase in the amount of deposits in the DeFi market has been driven by the profitable returns of “Yield Farming” whereby participants receive digital asset rewards for providing asset and collateral liquidity and asset Staking or Lending. These promised profits have created strong participation incentives in the market rather than actually increasing demand for these services themselves. Most of the financial products that emerged aiming toward DeFi showed a sharp drop in deposit assets after the profits of Yield Farming were reduced, clearly showing the limitations of DeFi services, which have grown on the basis of product sales that are more speculative than actual financial use cases.

06.Background

Creating a new paradigm for Digital Asset Management

Background

Vision of LINKFLOW

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LINKFLOW aims to overcome these instability factors in the cryptocurrency market and provide more stable financial services. LINKFLOW will deliver proven prime brokerage services to DeFi models, and incorporate financial products using traditional fund management methods to drive the expansion and growth of the global financial market.

To make this possible, LINKFLOW will provide liquidity through its own platform and meet the needs of consumers and providers to respond to the highly volatile cryptocurrency market. Furthermore, based on the infrastructure and liquidity secured through the system, LINKFLOW will build a blockchain network optimized for algorithmic trading, and intends to position itself as a kind of global decentralized investment bank with the ultimate goal of allowing users to fully control and manage their assets with minimal counterparty risk and intervention from intermediaries.

07.Background

Creating a new paradigm for Digital Asset Management

Market Analysis

Trends and Potentials in the DeFi Market

The DeFi market is growing rapidly. Looking at the Total Value Locked (TVL - the total amount of crypto-assets locked into smart contracts as collateral) aggregated by DeFi Pulse (https://defipulse.com), a statistics site specializing in DeFi, the Total Value Locked increased from $280 million in 2018 to $700 million in 2019. However, TVL increased rapidly in 2020, and as of January 18, 2021, the size of the Total Value Locked exceeded $24 billion (June 2020: $1.9 billion -> August: $9.4 billion -> October: $11.1 billion -> December: $16 billion -> January 2021: $24 billion).

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(Size of TVL in major DEFIs – Source: DEFI Pulse)

It is clear that the DeFi market is growing by looking at user participation in liquidity providing, asset staking, as well as by the number of Unique Active Wallets (UAW). According to DappRadar (https://dappradar.com), the number of UAWs shows a modest increase over that past years. In 2020 alone more than 20,000 wallets were active in August, while it increased to 30,000 in December 2020.

DeFi has a fundamental purpose and niche of building financial services which are peer-to-peer without any central or intermediary agencies based on smart contracts and blockchain technology. Currently, DeFi is mainly used in asset Staking, Liquidity Providing, Trading, and Lending, but there is a high expectation that it can be used in more financial cases and sectors moving forward. In fact, DeFi has a potential to replace, augment, or supplant large parts of the traditional financial sector. and those services currently being handled by institutions.

08.Market Analysis

Creating a new paradigm for Digital Asset Management

LINKFLOW Platform

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Earn

Earn is a service that puts a Stable Token (digital tokens which hold a stable value through various economic mechanisms) in a Liquidity Provide Pool (LP Pool), such as USDT or USDC, where they are locked in those LP Pools for a period of time during which a fixed interest rate is earned. All funds in a LP Pool are used for various investment strategies which are transparently managed by smart contract and disclosed on the blockchain. LP Pool investment funds managed through Earn will be divided and allocated into the LINKFLOW’s Prime Brokerage and Algo-Trade products to pursue profits.

LINKFLOW's Earn service is designed to provide better accessibility. Stake-able assets (e.g. USDC) can be connected through external wallets such as MetaMask, and proceed to stake assets into the liquidity LP Pool through LINKFLOW's web interface. When a user becomes a liquidity provider through Staking, the user will receive an LF Token representing the corresponding stake in that LP Pool (e.g. LFUSDC).

The rights to the stake will be maintained for the period according to the repayment criteria indicated at the time of Staking, and the profit corresponding to the annual interest rate suggested by LINKFLOW will be generated by algorithmic trading that proceeds to maintain and expand the liquidity LP Pool by itself. Interest on Staking is paid with the corresponding LF Token, and information on the profit can be monitored through the LINKFLOW web interface. When the Earn period of the LP Pool ends and repayments proceeds, the amount of liquidation will be determined according to the investor's stake. The repayment amount shall be the amount of the basic staked asset + a fixed annual interest rate, and the asset and profit can be withdrawn freely to other wallets (e.g. MetaMask) that control tokenized stakes. ts of the traditional financial sector. and those services currently being handled by institutions.

09.LINKFLOW Platform

Creating a new paradigm for Digital Asset Management

LINKFLOW Platform

Token, and information on the profit can be monitored through the LINKFLOW web interface.

When the Earn period of the LP Pool ends and repayments proceeds, the amount of liquidation will be determined according to the investor's stake. The repayment amount shall be the amount of the basic staked asset + a fixed annual interest rate, and the asset and profit can be withdrawn freely to other wallets (e.g. MetaMask) that control tokenized stakes.

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010.LINKFLOW Platform

Creating a new paradigm for Digital Asset Management

LINKFLOW Platform

In order to operate the platform of LINKFLOW and protect investors from the movement of assets that occur when redeeming the Earn product, fees will be paid in LF Tokens equal to the value of a portion of the additional profits generated. The cumulative amount of these fees is based on the additional profit earned and is therefore set at a lower level than that of traditional deposit products.

Through this, LINKFLOW encourages the use of LF Tokens by allowing platform users and investors to achieve greater value. The following are the fees incurred in using Earn products.

- No additional fees are incurred when depositing, except gas fee.
- At the end of the Staking period, if users request withdrawal for basic assets and   additional profits from the LP Pool, the request is approved by paying a stated   percentage of the additional profits (this percentage varies depending on the   product) as LF Tokens.
- In the case of gas fees generated when requesting withdrawal, it is paid from the   investor’s wallet such as MetaMask.
- Some of the fees incurred during repayment are accumulated in the collateral LP   Pool, and the accumulated LF Token is used to compensate for the loss in case of   loss of the Staked assets.
- Remaining fees accumulated in the collateral LP Pool are bot usage fees used for   algorithmic trading, and are used for maintenance and management of the bot.

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<Liquidity Provide process>

In the method of Staking through Earn, each LP Pool has a strategic risk profile. This item, which guides the level of safety through algorithmic trading and prime brokerage services analytics, are set and provided for liquidity maintenance and supply. Risk profiles can be found in LINKFLOW's Earn APP interface.

011.LINKFLOW Platform

Creating a new paradigm for Digital Asset Management

Prime Brokerage

Concept of Prime Broker

The concept of a prime broker is a key concept in traditional financial markets. The prime broker’s history and credibility plays an important role in determining investment success for most investors, including institutions. Prime brokers, renowned in traditional financial markets such as Goldman Sachs, provide global liquidity for most assets, including stocks, bonds, foreign exchange and a wide range of derivatives.

Prime Brokerage also often provides comprehensive financial services such as securities lending, funding, storage and management of assets and execution of trading, liquidation and settlement for institutions. In particular, since hedge funds aim to maximize profits by expanding leverage, cooperation with prime brokers is essential. LINKFLOW’s Prime Brokerage aims to cover these areas and services as well.

LINKFLOW Prime Brokerage Service

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With the explosive growth of the cryptocurrency market, the participation of individual investors and large Investment Banks are also increasing. In addition to traditional market services LINKFLOW will bring these prime brokerage services to the cryptocurrency market, while also providing reduced Counterparty Risk and encouraging active asset utilization, contributing to the increase in trading volume itself through the use of digital walleting, decentralized applications, and blockchain technologies. To this end, LINKFLOW builds and provides its own user-friendly platform. LINKFLOW's Prime Brokerage service consists of the following components:

12.Prime Brokerage

Creating a new paradigm for Digital Asset Management

Prime Brokerage

decentralized applications, and blockchain technologies. To this end, LINKFLOW builds and provides its own user-friendly platform. LINKFLOW's Prime Brokerage service consists of the following components.

Cryptocurrency Earn Service

By entrusting the investor's assets to LINKFLOW's liquidity Pool, it is possible to maximize the range of asset management by providing leverage on the entrusted Deposit. This will increase the possibility of increasing profits by capturing more trading opportunities, and will enable active response to risks in the cryptocurrency market. At this time, the initial Deposit is made with LF Tokens or supported Stable coins. This service will enable stable allocation of profits through the inflow of funds from the traditional financial market into the cryptocurrency market.

그림

13.Prime Brokerage

Creating a new paradigm for Digital Asset Management

Prime Brokerage

By entrusting the investor's assets to LINKFLOW's liquidity Pool, it is possible to maximize the range of asset management by providing leverage on the entrusted Deposit. This will increase the possibility of increasing profits by capturing more trading opportunities, and will enable active response to risks in the cryptocurrency market. At this time, the initial Deposit is made with LF Tokens or supported Stable coins. This service will enable stable allocation of profits through the inflow of funds from the traditional financial market into the cryptocurrency market.

Real-time
Detailed Report

돋보기 그림

Accurate data analysis and the value of information are key points in investing even in the traditional financial markets. Similarly, data analysis and the value of information function in the same way in the cryptocurrency market.

LINKFLOW's Prime Brokerage service enables customers to view all activities occurring in their accounts in real time. It also aims to decentralize existing investment information services and trading platforms, provide advanced information necessary for investment to investors and institutions beyond simple information provision, and increase accessibility to the cryptocurrency market.

It provides institutions and individual investors with detailed information such as their positions in various cryptocurrencies, real-time valuation balance, deposit and withdrawal transaction history, and analysis of major trading trends and circulation volume occurring in the cryptocurrency market from multiple global exchanges.

14.Prime Brokerage

Creating a new paradigm for Digital Asset Management

Prime Brokerage

Flexible Asset Management

smart contract 순서도

Through LINKFLOW's prime brokerage service, users maintain the rights to their assets at all times, while selectively configuring large exchanges around the world from self-configured liquidity Pools to proceed with asset management according to the market price of each exchange and risk management for open positions. All pools raised, including all services of LINKFLOW, generate profits through the Prime Brokerage Service and quick and reliable ordering and algorithm trading system.

Algorithm Trading

The cryptocurrency market, which operates 365 days a year, 24 hours a day, is continuing to evolve and expand around DeFi, including the development of various derivatives and user authentication systems using digital IDs (DIDs). In this rapidly changing market, the importance of algorithm trading is gradually increasing, and the demand from individual investors as well as institutions including hedge funds and private equity funds is also steadily increasing.

15.Prime Brokerage

Creating a new paradigm for Digital Asset Management

Prime Brokerage

smart contract 순서도

However, in order to enter the algorithm trading market, it is necessary to develop an advanced bot program capable of high frequency auto trading, and even if a bot is built, the process of researching and implementing ever changing and complex trading strategy algorithms, which are a core technology for stable operation, also consumes additional cost and time. Therefore, designing a comprehensive bot is difficult even for large investment institutions.

LINKFLOW plans to provide liquidity to its LP Pools through the use of algorithm trading logic that has already been proven to work in real markets, and allocate any additional generation of profits to LINKFLOW's hedge funds and general investors.

그림

LINKFLOW's Algo-Trade will provide hedge funds, institutions, and general investors with profits from its logic, including High Frequency Trading, Volume in-line, etc. All use of the service is made through LF Tokens, and collateral for losses is made through LF Tokens.

16.Prime Brokerage

Creating a new paradigm for Digital Asset Management

Prime Brokerage

Liquidity Provide

As the size of the cryptocurrency market grows, Liquidity Provide, the most important part of financial activities traded through cryptocurrency, is increasing in importance. This Liquidity Provide method will create an environment not only for large-scale investments such as funds and institutions, but also in the entire area of liquidity providers to help enable individual investment. It will be integral to the emerging DeFi market in the same way that mining pools create a basis for crypto-assets. It is the primary contributor to the creation of LP Pools with the nature of a bank deposit, and new profits can be created through a certain level of trading profit through the liquidity provided. Liquidity Provide is based on smart contracts, so users can always verify and maintain their rights to assets at any time.

LINKFLOW’s Liquidity Provide system is divided into two categories: Smart Liquidity Maker, which supports hedge funds, institutions, or investors to participate in LP Pool composition, and Algo-Trade, which is responsible for expanding and supplying LP Pools already created. Among them, Smart Liquidity Maker integrates LINKFLOW's DeFi service and brings together LP Pools of liquidity to provide optimized service to help users easily access professional financial products such as algorithm trading in a quick and safe manner.

In addition, LINKFLOW's LF
Tokenprovides liquidity providers
with additional benefits to set an
additional investment size for Earn
products.

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17.Prime Brokerage

Creating a new paradigm for Digital Asset Management

LINKFLOW TOKEN

LF Token

Main Use of LF Tokens

- Pay for the use of B2B Liquidity Provide   algorithm trading
- A medium for obtaining and exercising   Governance rights
- Criteria for determining tier and investment    size based on LP Pool contribution
- Fee payment method when withdrawing   additional profits through Earn

LINKFLOW platform issues LF Tokens as a medium for internal service use and overall interaction. LF is a tradable ERC-20-based token that can be traded through listed exchanges, and it is also possible to convert LF into fiat.

LF can be used as an incentive for data entry of liquidity providers, compensation for dispute arbitration, payment for service provision, and as collateral for guaranteeing payment and settlement, and as a means of trading for all trading previously made on the LINKFLOW platform.

LF Token
Liquidity Pool

LINKFLOW has established a Tier classification system to provide liquidity by configuring LP Pools on DeFi for the stability of the market price of LF. By providing applicable Liquidity, Tiers will be determined for hedge funds, institutions and investors. As LINKFLOW's platform becomes active and LINKFLOW's Pool expands, the size of LF as Liquidity Tier determination collateral for Staking will increase and the value of LF will also increase in proportion to the platform's growth.

Applicable LP Pool Smart Contract for Liquidity Provide is configured once every 14 days, and has a waiting time of 14 days upon termination based on the LP creation time.

The condition of making certain Tier levels can be done by LF Staking. Circulation and market conditions may affect the condition.

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18.LINKFLOW TOKEN

Creating a new paradigm for Digital Asset Management

LINKFLOW TOKEN

Governance

For the long-term sustainability of a blockchain project, a governance method shall be required in which various stakeholders coordinate their interests with each other, make decisions with coordinated interests, and finally execute those decisions.

LINKFLOW plans to decentralize its overall development direction and investment executions. All of these points are decided through a Vote conducted within LINKFLOW Governance. The Governance Token used here is LF.

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Based on the number of LF Tokens contributed to LP composition, Tier 2 and above investors may express their opinions in public opinion polls and executive Votes in the LINKFLOW Governance forum, while all market participants may submit their ideas and corresponding opinions.

In the case of on-chain Governance, which is a model that is directly applied to the code, if there is an error, the impact and damage caused by the error can be considerable. Therefore, LINKFLOW's governance process will first be conducted off-chain and intends to use the Vote method that guarantees the authority of 1 voting right per 1 LF after graduating from the off-chain phase.

19.LINKFLOW TOKEN

Creating a new paradigm for Digital Asset Management

LINKFLOW TOKEN

Risks and solutions
(Black Swan)

There is a possibility that an invested principal (given as provided liquidity) will not be recovered through the counter trading due to the rapid change in the price of assets held. To this end, LINKFLOW aims to resolve systematic risks by reinforcing stability standards such as managing counter trading with sufficient collateral ratios of 400% or more and 200% or more for various cases. Additionally, LINKFLOW intends to offset the volatility risk of individual digital assets through diversification of portfolio. Nevertheless, if major systemic risks such as a market wide financial crisis occur, there may be situations in which the capacity of assets is limited.

Even in this case, the loss ratio in the overall Liquidity Provide Pool is limited due to the spread of fund consumers. Also, if there is a situation in which the stable price cannot be maintained temporarily due to this situation, the price of LF may temporarily decrease. In this case, a situation in favor of the consumer of the digital asset arises, and the consumer gains the opportunity to pay off the debt at a lower price by buying LF at a lower price. Therefore, in the event of rapid fluctuations in the market price of digital assets, the price of LF can be elastically and automatically readjusted by the market to accommodate.

LINKFLOW's system is designed to provide additional services such as deposits, loans, and investments through digital assets. LINKFLOW allows depositors and fund consumers to take their own profits through creation, trading, and termination as LINKFLOW based services. As Liquidity providers participate in price stabilization, LINKFLOW not only brings additional liquidity to the market, but also meets the demand of institutions holding digital assets.

As such it will play a key role in asset digitization beyond border constraints regardless of specific country or region. Through LINKFLOW and its services, the LINKFLOW Foundation will aim to maximize the profits of financial consumers and providers in the short term, and in the long term, pursue the growth of the entire market by eliminating the risk of failure in the existing financial markets.

20.LINKFLOW TOKEN

Creating a new paradigm for Digital Asset Management

Token Allocation Plan

Token Allocation

The total issuance of LF Tokens is 2.5 billion, of which 50%, or 1.25 billion, is allocated as collateral necessary for the Platform Reward of LINKFLOW service and LP Pool creation. In addition, 10% of the total issuance is allocated as Reward, and 15% is allocated as a Reserve in case of insufficient liquidity.

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21.Token Allocation Plan

Creating a new paradigm for Digital Asset Management

LINKFLOW Roadmap

도표

22.LINKFLOW Roadmap

Creating a new paradigm for Digital Asset Management

LINKFLOW Team

  • Chris Jung

    icon

    President

    UC Berkeley, United States - B.S.
    Electrical Engineering and
    Computer Science

    Linkflow Finance, Hong Kong – President,
    Innovative finance, DeFi & asset management
    Cloud Financial Co. United States – President,
    Innovative finance & asset management,
    Evaluation and optimization of block-chain
    platforms, Client relationships & optimization
    of frameworks
    Capital One Avenue, United States – President,
    Acquisition, analysis, and liquidation of distressed
    mortgage-backed assets, Development of the
    platform for systemized asset management

    • Graham Albert

      icon

    CMO

    Duke University, United States - MBA
    Carnegie Mellon University, United States –
    B.A Business Administration

    Linkflow Finance, Hong Kong – CMO
    Cloud Financial Co. United States -
    Senior Consultant
    BNY Mellon, United States - Managing Director
    Salomon Smith Barney Holdings, Inc.
    (NYSE:SB), United States - Executive VP
    Salomon Brothers, Inc. United States -
    VP of Sales

  • Arai Masashi

    COO

    Hiroshima University - B.A,
    Business Management

    Linkflow Finance, Hong Kong – COO
    Duane Morris LLP, Japan - Patent Attorney
    Nikko Securities, Japan – Managing Director,
    Corporate Finance & Management
    Dai-Chi Kangyo Bank, Japan – Director of
    Derivatives Team

  • James Park

    Head of Linkflow
    Asia Pacific Region

    Boston University, United tates -
    B.A. Business Management

    State Street Corporation, United States -
    Associate
    Mariner Investment Group, United States –
    Vice President
    BNP Paribas, United States - Director

  • Jay Kim

    icon

    Technical Advisor

    Yonsei University, South Korea - MBA,
    Business Administration
    Columbia University, United States -
    M.S, Electrical Engineering
    Hanyang University, South Korea -
    B.S, Electronic Engineering

    Qualcomm, United States - Senior Engineer
    Humax, United States- Lead Engineer
    Solidstreaming, United States - Lead Engineer

  • Michael Andrews

    icon

    Advisor

    Texas A&M University, United States –
    MBA & Master of Science – Marketing
    University of Toronto, Canada –
    B.A, Economics

    Shuttle Delivery, Canada - Managing Partner
    Myongji University, South Korea -
    Assistant Professor
    JEI College, South Korea - Professor

23.LINKFLOW Team

Creating a new paradigm for Digital Asset Management

Legal Notice

Our LINKFLOW project team (collectively referring to as LINKFLOW Finance and its shareholders, employees, and affiliates) has written this white paper to provide specific information planned by the LINKFLOW team for reference purposes to those who have interest and passion for LINKFLOW.

This document is not intended to be a sale offer or solicitation of investments, and does not constitute a general solicitation or general advertisement of interests in any form of investment vehicle managed directly or indirectly by an interested party/partner. Unless otherwise specified, this document reflects the events and conditions that exist “as is at the time of writing,” and therefore does not guarantee that any content in the white paper, including conclusions, will be accurate to the future.

The delivery of this document or sales made in connection with this document, in any case, contains LINKFLOW's specific opinions, estimates, and projections regarding LINKFLOW's potential future performance after the date of writing, but there is no guarantee that the actual performance of LINKFLOW will be consistent with these estimates.

Furthermore, the actual performance of LINKFLOW may be significantly and considerably different from estimates and projections, and any matters related to this white paper do not represent or guarantee the accuracy, and will bear no legal responsibility for it.

In addition, assumptions based on management's opinions, estimates and projections may be inaccurate. These assumptions are intrinsically subject to uncertainties and emergencies, many of which are beyond the control of LINKFLOW and its management.

24.Legal Notice

Creating a new paradigm for Digital Asset Management

Legal Notice

This does not guarantee that 1) whether the white paper is written on a legitimate basis and does not infringe on the rights of third parties, 2) whether the white paper has commercial value or usefulness, 3) whether it is suitable for the achievement of the specific purpose of the readers of the white paper, and 4) whether there are no errors in the white paper. In addition, please note that the scope of liability exemption is not limited to the above examples.

Please note that in the case of using this white paper (including, but not limited to, cases based on or referenced or based on this document), if any consequences such as loss, liabilities, and other damages occur resulting from the use of this white paper, regardless of profit or loss, LINKFLOW team will not be liable for compensation, indemnification or other liability for any other damages.

25.Legal Notice

Creating a new paradigm for Digital Asset Management

https://www.linkflow.finance/