KIDS WHITEPAPER

TOKENOMICS OF Garbage Fail Kids (GFK)

Garbage Fail Kids (“KIDS”) is a SPL token operable on the Solana blockchain. KIDS has no function, nor utility or intrinsic value, nor promise or expectation of any; dividends, interest, and profits.

There is no plan, conceptual or actual, nor any roadmap or timeline, nor promise or expectation that any ecosystem will even or ever be developed for KIDS.

Any digital token associated with Garbage Fail Kids (KIDS) is for entertainment purposes only and implicitly & explicitly known as totally useless. To mitigate concern, including and not limited to any explanation sofar, KIDS is not and never will be intended for;

  • Grants the right to trade KIDS for goods or services.
  • Serves as a representation of money, including digital money (e-money).
  • Cannot be refunded or exchanged for cash or its equivalent value in any other digital asset.
  • Constitutes a financial product, such as a security, share, debenture, unit in an investment scheme, derivative contract, commodity, or any other type of investment or financial instrument in any jurisdiction.
  • Must be created or intended for use by anyone as a means of paying for goods or services, either through the Garbage Fail Kids Community or other means.
  • Acts as a medium of exchange accepted by the public (or a segment of it) for the payment of goods, services, or debt settlements.
  • Represents any ownership, participation, rights (including but not limited to voting rights), titles, stakes, or interests in, or rights to be involved in, the business operations of any entity, enterprise, or organization, including any member of the Garbage Fail Kids Community.
  • Represents any entitlement to fees, dividends, revenue, profits, or investment returns.
  • Constitutes any rights under a contract for differences or any other agreement aimed at securing a profit or avoiding a loss.
  • Represents any form of debt.
  • Serves as a digital representation of financial products such as capital market products, securities, shares, debentures, units in collective investment schemes, derivative contracts, commodities, or other financial instruments or investments in any jurisdiction.
  • Provides any entitlement to voting rights within the “Garbage Fail Kids Community” ecosystem as specified on the websites GarbageFailKids.com, and any Garbage Fail Kids Community related webpages.

There will never be a statement, reflection, or action to list KIDS on any exchange, past, present, or future.

WAIVER

This whitepaper (“Whitepaper”) and the Websites serve purely for informational purposes and do not act as a prospectus, offer document, or an offer of securities, capital markets products, or digital payment tokens. They are not a solicitation for investment, nor an offer to sell any product, instrument, or asset, whether digital or otherwise. The information provided is not comprehensive and does not establish any contractual relationship. There is no guarantee of accuracy or completeness, and no representation or warranty is made regarding this information.

No part of the Whitepaper or the Websites should be interpreted as an offer by Garbage Fail Kids Community and its affiliates and related entities (“Garbage Fail Kids Community”) to sell any KIDS. It should not serve as a basis for, nor be relied upon in connection with, any contractual or investment decision.

Intended for community discussion only, the information within the Whitepaper and on the Websites holds no legal binding power. No individual is compelled to enter into any contract or binding legal agreement for the acquisition or receipt of KIDS, and no form of payment or digital asset will be accepted based on the Whitepaper or the Websites. The terms and conditions for the distribution and/or continued holding of KIDS will be provided separately or made available on the Websites in due course.

Nothing in the Whitepaper or the Websites should be seen as a promise, representation, or assurance regarding the future performance of the Garbage Fail Kids Community.

No regulatory authority has formally or informally reviewed or approved the information presented in the Whitepaper or the Websites. No such actions or assurances have been or will be taken under any jurisdiction’s laws, regulatory requirements, or rules. The publication, distribution, or dissemination of the Whitepaper or the Websites does not imply compliance with any relevant laws, regulatory requirements, or rules.

ELIMINATION OF REVISIONS

The information presented in this Whitepaper is accurate only as of the document version indicated on its cover. Any details regarding token sales, KIDS functions, business operations, financial conditions, and future plans of the Garbage Fail Kids Community are subject to change. Consequently, the information within this Whitepaper or on the Websites may become outdated, and the Garbage Fail Kids Community participants are not required to update or correct this document as changes occur.

This Whitepaper does not establish any binding obligations. Therefore, do not base your decision to purchase KIDS solely on the information provided herein. The development, release, and timing of any products, features, or functionalities are entirely at the discretion of the Garbage Fail Kids Community, with no central authority, and may change over time.

Additionally, the Whitepaper and the Websites may be revised or replaced periodically. There is no obligation to update these documents or to provide recipients with any additional information beyond what is currently presented.

In essence, while this Whitepaper offers an overview of current plans and information, it should not be the sole factor in making purchase decisions. Future developments and changes are at the sole discretion of the Garbage Fail Kids Community.

PARODY CLASSIFICATION

A parody takes a piece of creative work–such as art, literature, or film–and imitates it in an exaggerated, comedic fashion. Parody often serves as a criticism or commentary on the original work, the artist who created it, or something otherwise connected to the work.

In the United States, parody is protected by the First Amendment as a form of expression. However, since parodies rely heavily on the original work, parodists rely on the fair use exception to combat claims of copyright infringement.

The fair use exception is governed by the factors enumerated in section 107 of the Copyright Act: (1) the purpose and character of the use; (2) the nature of the original work; (3) the amount and substantiality of the original work used; and (4) the effect on the market value of the original work. Generally, courts are more likely to find that a parody qualifies as fair use if its purpose is to serve as a social commentary and not for purely commercial gain.