Risks

Read this before you mint, launch or trade. It isn't everything that can go wrong, and it isn't advice.

Only use money you can afford to lose completely. Nobody at Giwapad promises that a pass, a token or a fee share will be worth anything.

Smart contracts

Unaudited. The contracts have unit tests, fuzz tests and an end-to-end test. They have not been audited by an independent firm. A bug could lose funds, lock them, or pay them to the wrong address.
No upgrades, no rescue. The contracts can't be changed or paused. That protects you from the team; it also means a bug can't be fixed in place.
Dependencies. The contracts build on open-source libraries and on the GIWA network itself. A flaw in any of those is a flaw here.

The fee share can be zero. It is 40% of the fees from actual trading. Little trading means little or nothing. Past amounts say nothing about future ones.
It is small per pass. With 4,000 passes, each pass receives one millionth of the volume traded at the full fee. The docs show the arithmetic.
No promise of value. A pass may be worth less than you paid, or nothing. There may be no buyer when you want to sell.
Not an investment product. The pass is a collectible with on-chain functions. It gives no ownership of, claim on or say in any company.
Flash holders. The half fee applies to whoever holds a pass at the moment of a trade, including someone who borrowed one for that moment.

Testnet assets are worthless. Test ETH, testnet passes and testnet tokens have no monetary value. The testnet can be reset or switched off by its operator.
Mainnet has no date. GIWA's mainnet was not live when this was written. If it launches late, the mainnet pass is late. If the plan changes, there may be no mainnet pass.
The allowlist is a snapshot. Only passes in your wallet at the snapshot block count. Sell or send a pass before then and its spot goes with it. A spot is the right to mint during the allowlist phase at that mint's price, while passes remain; it isn't a free pass.

Anyone can launch anything. Giwapad doesn't review tokens. A name, a symbol or a description proves nothing. Expect copies of well-known names; check the token's address.
Most go to zero. Tokens launched on launchpads are extremely volatile. Losing everything you put in is the usual outcome, not the exception.
No project behind them. A token here is a ticker on a curve. Whatever its creator promises is between you and them.

Price impact. Buys and sells move the price, sometimes a lot. Early in a token's life a small trade can move it by several percent.
Others can trade around you. Transactions are public before they settle. Someone can buy ahead of your buy and sell after it. The site sets a 2% limit on how much worse than quoted a trade may be; a trade that would be worse fails and costs you the gas.
You can always sell, not always well. The curve can't be drained by its creator, and every token can be sold back to it. The price you get depends on who sold before you.

GIWA is new. It is an optimistic rollup on Ethereum, run by its operator, with one sequencer. It can stall, go down or be upgraded. Withdrawals to Ethereum take time.
Public RPCs. The public endpoints are rate-limited and can lag or fail. The site may show old numbers.

Keys. Lose your recovery phrase and your assets are gone. Share it and they are someone else's. Nobody from Giwapad will ask for it.
Fake sites. Scammers copy sites like this one. Check the address in your browser and the contract addresses in the docs against the project's own announcements.
Final means final. A transaction you signed can't be undone.

Rules differ and change. Depending on where you live, NFTs with a revenue share, token launches and trading may be regulated or restricted. You are responsible for following the rules that apply to you.
Tax. Minting, trading and claiming fees can all be taxable. Keep records and ask a tax adviser.

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