Polkadot may not be successfully developed or may not function as intended and the Polkadot genesis block may not be deployed as intended or at all
Polkadot is still at a very early stage of development. The Web3 Foundation may have to make changes to the specifications of Polkadot or DOTs for any number of legitimate reasons or the Web3 Foundation may be unable to develop Polkadot in a way that realizes those specifications or any form of a functioning network. To the extent that Polkadot is successfully developed and the Polkadot genesis block is deployed, Polkadot and/or DOTs may not meet participant expectations, and may be different from those set out in the White Paper. Furthermore, despite the Web3 Foundation’s efforts to develop and deploy the Polkadot genesis block and subsequently to develop and maintain Polkadot, it is still possible that Polkadot will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact Polkadot and/or DOTs.
The development of Polkadot will require significant capital funding, expertise and the Web3 Foundation’s time and effort. Polkadot may require significantly more funding or time in development than the Web3 Foundation currently envisages, which may result in suspension or cancellation of development of Polkadot. If the Web3 Foundation is not successful in its efforts to demonstrate to users the utility and value of Polkadot, there may not be sufficient demand for DOTs for the Web3 Foundation to proceed with the deployment of the Polkadot genesis block. As a result, or if the deployment of the Polkadot genesis block does not occur, participants may lose all of the funds provided in connection with the DOT Sale.
Polkadot may not be deployed as intended at all
Due to the decentralised nature of Polkadot, there is no guarantee that the Polkadot genesis block (to the extent that it is developed) will be deployed as intended or at all. As DOTs are native tokens to Polkadot, they will not come into existence, whether as part of the Polkadot genesis block or otherwise, if there is no deployment of the Polkadot genesis block.
The Web3 Foundation may not be successful in engaging the services of its preferred software developer(s)
The Web3 Foundation may not have or may not be able to obtain the technical skills and expertise needed to successfully develop Polkadot and progress it to deploy the Polkadot genesis block. There is a general scarcity of management, technical, scientific, research and marketing personnel with appropriate training to develop and maintain Polkadot.