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Risk disclosure

Last updated: June 2026

This document describes the principal risks of using the Vibestarter platform and contributing to raises on it. It is not exhaustive. Read it in full before you contribute. If any of these risks would be intolerable to you, do not use the platform.

Contributing to a raise is not an investment. It is a contribution in exchange for project tokens of speculative and potentially zero value. No deposit protection scheme applies. No investor-compensation scheme applies. The operator is not authorised or supervised by any financial regulator.

1. Total loss risk

You may lose all funds you contribute. Early-stage projects fail at high rates. Tokens you receive may decline to zero value. Contribute only amounts you can afford to lose entirely.

2. No guaranteed value or utility

Tokens issued through raises on the platform have no guaranteed market price, liquidity, utility, or future functionality. Founders may describe intended utility at launch but are not obligated to deliver specific outcomes beyond what the smart contracts enforce. Market conditions, founder execution, and external factors may render tokens worthless.

3. Illiquidity

Tokens may be difficult or impossible to sell. The liquidity pool created at raise finalisation is permanently locked — the LP position is held in a soulbound fee-claimer contract and cannot be withdrawn or migrated. Trading volume may be nil. Depth may be insufficient to exit without significant slippage.

4. Smart contract risk

The platform depends on smart contracts deployed on the Base network and, for raises launched there, on Robinhood Chain. Despite audits and testing, contracts may contain bugs, vulnerabilities, or unintended behaviours that could result in loss of funds, stuck funds, or incorrect distribution. The operator does not guarantee the absence of defects. Audits reduce but do not eliminate risk.

5. Wallet and key management risk

You are solely responsible for the security of your wallet, private keys, and seed phrases. The operator cannot recover lost keys, reverse phishing attacks, or refund funds stolen by malware. Use hardware wallets where possible; never share your seed phrase.

6. Founder execution risk

Raises release funds to founders in time-based tranches, not milestone-based. Founders are not obliged to deliver any specific product, reach any roadmap milestone, or maintain activity during the 6-month tranche release window. The challenge system allows backers to raise concerns during 72-hour windows before each tranche, but challenges are adjudicated by the operations admin with operational discretion.

7. Challenge system limitations

The challenge system has constraints you should understand:

  • Only backers holding a minimum supply threshold (0.25–1.00%, graduated) can file a challenge.
  • A challenge requires a slashable stake; if rejected, a portion (20%) of the challenger's stake is burned.
  • Outcomes are adjudicated by the operations admin (a single key, M-3) using operational judgement, not automated rules.
  • An upheld-malicious challenge freezes remaining tranches but does not retroactively recover previously released tranches.
  • There is no appeals process.

8. Operator conflict of interest

The operator moderates campaigns, adjudicates challenges, and receives platform fees from all raises. These roles create inherent conflicts of interest.

9. No entity, no licence

At the time of this disclosure, no incorporated operating entity exists for Vibestarter. The platform is operated by an individual promoter personally, with the intent to form a Luxembourg entity as soon as financial conditions permit. The operator holds no licence or authorisation as a crypto-asset service provider, investment firm, credit institution, or payment institution. You contract with the individual promoter, subject to migration to the successor entity on formation.

10. Regulatory uncertainty

The legal and tax treatment of crypto-assets, token offerings, and crowdfunding varies by jurisdiction and is evolving. Laws or interpretations applicable to the platform, the tokens, or your contribution may change at any time. Such changes could reduce or eliminate token value, prevent platform access, or create tax or reporting obligations for you. You are responsible for understanding and complying with the rules applicable in your jurisdiction.

11. Restricted jurisdictions

The platform geoblocks certain jurisdictions (see Terms §3). Circumventing the block is a breach of the Terms and may expose you to personal legal risk in your jurisdiction.

12. Network and infrastructure risk

The platform depends on the Base network, Robinhood Chain, RPC providers, the Aerodrome and Uniswap DEXes, Chainalysis oracle, and other external infrastructure. Outages, reorgs, bridge failures, or hacks at any of these layers could disrupt platform operation, delay tranche releases, prevent claims, or affect token trading.

12A. Robinhood Chain–specific risks

Raises launched on Robinhood Chain carry additional risks beyond those of the Base network. Robinhood Chain is an Arbitrum Orbit rollup operated by Robinhood, with a materially more centralised trust model:

  • Single sequencer. All transactions are ordered by a single sequencer operated by Robinhood. If it halts or degrades, you cannot transact — contribute, claim tokens, claim refunds, or file challenges — until it is restored.
  • Protocol-level transaction filtering. Robinhood Chain enforces transaction filtering at the protocol level. The operator can decline to include transactions from specific addresses, and — unlike most Arbitrum-family chains — this filtering also constrains the L1 force-inclusion path that normally serves as a censorship escape hatch. A filtered address may have no on-chain means to move its funds.
  • Instant upgrade authority. The chain operator can upgrade the chain's protocol and system contracts without a timelock. An upgrade could change chain behaviour — including behaviour the platform's escrow contracts depend on — with no advance notice.

These risks interact with the platform's time-based mechanics: 72-hour challenge windows and tranche schedules continue to run during a sequencer outage or while your transactions are filtered. The escrow contracts have no pause mechanism for chain downtime or censorship, so a window may open and lapse while you are unable to transact. Escrowed funds on Robinhood Chain are additionally exposed to the operator actions described above in a way Base escrows are not. Secondary trading for Robinhood Chain raises occurs on Uniswap; the same permanent LP lock described in Section 3 applies.

13. Market manipulation risk

Secondary trading of tokens issued via raises occurs on permissionless DEXes. Pump-and-dump patterns, wash trading, coordinated manipulation, and large-holder actions can cause rapid price movements. The platform does not surveil or police secondary-market behaviour.

14. Tax

Contributions, token receipts, tranche payouts, airdrops, and sales may create tax reporting or liability obligations in your jurisdiction. The platform does not provide tax advice. Consult a qualified adviser.

15. No advice

Nothing on the platform is investment, legal, tax, or financial advice. Information is provided for general informational purposes. Conduct your own due diligence or consult qualified professionals.

16. Changes

This Risk Disclosure may be updated. Material changes will be versioned and require re-acceptance.