Legal Analysis and Securities

NFT holders in the Doge Project can rest assured that their NFTs will not fall under scrutiny from governmental agencies as a form of a security.

Every blockchain protocol, decentralized Application (dApp), Decentralized Autonomous Organization (DAO), or other blockchain-related solution adopts varying levels of decentralization. For example, many DAOs have various components at different stages of decentralization: oracles (i.e., third-party services that provide smart contracts with external information) may be partly decentralized, smart contracts might be fully centralized, while the governance process for adjusting parameters is community-driven and decentralized. Doge Project is striving to make this Decentralized Lottery as decentralized as possible. One of the key tests as to whether a project is fully decentralized is this, if the developers and project team where to go away, would the project still be able to properly function. In the case of the Decentralized Lottery, this is 100% correct. Once the smart contract is deployed, the project team will not have any control over the outcomes or operability of the Decentralized Lottery. The smart contract will execute on the specified day, every week, and send the funds to the winner selected by the smart contract for that week. It is a self executing contract, providing a trustless and transparent lottery system.

Potential purchasers of lottery tickets must carefully consider and evaluate all risks and uncertainties associated with buying a lottery ticket. This white paper and its contained information shall not be considered legal, financial, business, tax or investment advice concerning Doge Project or the Decentralized Lottery. Please always advise your own tax advisor, your legal or any other professional advisor or your local authorities when you plan to participate in the Decentralized Lottery. Please always be aware that bear the financial risks of of not winning. The whitepaper you are reading does not represent an offer document of any kind or prospectus and is not intended to illustrate a solicitation for investment in securities or offer of securities in any jurisdiction. The information provided in this whitepaper has not been approved or examined by any regulatory authority of any kind. Please contact your local authorities, your lawyer or a professional advisor for further information. Buying an NFT or being a part of the Doge Project community or ecosystem does not guarantee you any monetary advantage and doing so should not be done out the projection of an investment. Users do so at their own risk and for their own enjoyment.

Despite the fact that legislation of most countries concerning lotteries is written and applied, and the laws of Malta where Doge Projects is located are standing, we do not exclude the fact that there may be any changes in certain countries and jurisdictions, including Malta's, that will impose certain restriction on users.