Project Token Disclaimer

Launching a token through Pond Markets does not affect the project's ability to raise additional funds. Project teams remain free to pursue equity offerings (such as SAFEs, convertible notes, or Preferred Equity rounds) and token offerings (such as token warrants, SAFTs, or direct token sales) in the future.
Tokens launched on Pond Markets are separate from equity—they don't appear on the cap table and have no dilutive effect. However, if the project team has previously entered into agreements with investors stating that any tokens created (whether on Pond's platform or not) are subject to pro rata distribution or other investor rights, the team must consider these existing contracts.
Project token purchasers receive no equity rights in the project. The project team's capitalization stays unchanged, and they remain free to bring in equity investors like any other company.
Token purchasers' rights are limited to the specific token launched through Pond Markets. They receive no rights to future tokens unless explicitly granted by the project team. The team maintains complete freedom to launch new tokens at a later stage without conflict.
Tokens launched on Pond Markets are neither created nor endorsed by Pond. Pond simply provide the technology platform. The project teams themselves are the token creators.