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Risks

Project Risks

  • Crowdfunding projects do not use the funds they obtain for the right purposes.
  • Yotta21 is an unauthorized platform, because it can list all projects and a wide variety of project scales will be accessed. In this direction, it will be necessary for the user to follow in order to access the project.

Market Risks

  • Organizations that run a centralized crowdfunding business model by stating that they are decentralized can create an unhealthy competition in the market.
  • If sufficient number of members cannot be reached, it may not appear as an attractive point for projects.
  • If regulators want to regulate blockchain-based crowdfunding platforms, version 1 activities may become risky.

DAO Risks

  • In Soulbound token memberships, there is a possibility that a person can create more than one membership. Needs to cover costs and open SDKs that provide identity solution via Gitcoin-passport interface.

  • In the event that the soulbound token cannot consistently fulfill the auditing feature within the DAO management due to the difficulties of cooperation, the decisions taken by the Otta token-based management will be implemented in an unsupervised manner.

  • The only action that can be taken in the event that the DAO is seized is to manipulate 10% of the income generated by the working groups and transfer it to malicious groups.

    There are no other functions that are likely to be manipulated by the DAO to interfere with Yotta21 finance or activities.

    Technical Risks

  • Since the operation of smart contracts is directly dependent on the operation of the Ethereum network, any disruption that may occur in the Ethereum network will affect Yotta21 working activities.

  • There are potential security risks in smart contracts that have not been revealed in audits.

  • Failures in Infura and AlchemyAPI infrastructures, which we use as Web3 API connections, weaken the transmission of transactions to smart contracts via the interface.

Technical risks are risks that apply to all projects in the Ethereum ecosystem.