PROJECT DISCLOSURES
Important information about DERP Rigs, its infrastructure, digital assets, mining activity, and associated risks.
DERP Rigs operates independently.
DERP Rigs is an independent project and is not affiliated with, endorsed by, sponsored by, or operated by Robinhood or Robinhood Chain.
Robinhood Chain is a third-party blockchain network on which certain DERP Rigs infrastructure may operate.
2,500 Genesis Rigs.
The Genesis collection consists of 2,500 DERP Rigs. Each Rig is designed to function as an on-chain digital asset with a connection to the DERP mining ecosystem.
Every Rig has a defined allocation.
Each Rig begins with a defined economic allocation. The Rig reserve is intended to remain associated with the Rig rather than being treated as general project treasury funds.
Current project materials describe an initial allocation of 0.008 ETH to the Rig and 0.007 ETH to the associated treasury structure.
Mining creates DERP rewards.
Active Rigs are designed to generate DERP through their mining activity. Accumulated DERP remains associated with the Rig and its owner even when the Rig is inactive.
DERP withdrawals are subject to protocol rules. Withdrawals are limited to one withdrawal every six months, with each withdrawal capped at 25% of the eligible DERP balance.
Mining output is not guaranteed.
DERP mining depends on external proof-of-work infrastructure, network conditions, protocol behavior, and other technical factors. Mining output may change over time and is not guaranteed.
Ownership is recorded on-chain.
DERP Rigs are intended to be transferable digital assets. Ownership and transfers may depend on smart contracts, blockchain infrastructure, marketplaces, wallets, and other third-party systems.
Code governs the system.
Certain DERP Rigs functionality is expected to be governed or facilitated by smart contracts. Smart contracts may contain bugs, vulnerabilities, design limitations, or unexpected behavior.
The system is being built in public.
DERP Rigs is an evolving and experimental project. Features, contracts, integrations, interfaces, infrastructure, and economic mechanisms may change as development continues.
No promise of profit.
Nothing presented by DERP Rigs should be interpreted as a guarantee of rewards, profitability, appreciation, liquidity, or future value.
Participation involves risk, including the possible loss of digital assets or their associated value.
Make your own decisions.
Information provided by DERP Rigs is for informational purposes only and does not constitute financial, investment, legal, accounting, or tax advice.
Understand what you are interacting with.
Users are responsible for conducting their own research and understanding the technology, contracts, economics, risks, and legal requirements applicable to their participation.
These disclosures are intended to provide clear information about the project and its risks. They are not a substitute for professional legal, financial, or tax advice.
The final disclosure language should be reviewed by qualified legal counsel before public launch and updated whenever the project's architecture, economics, contracts, or applicable requirements materially change.