Apptrade, the stockmarket for apps offers a wholesale opportunity to invest in the Apptrade platform with a master token, called APPX. APPX will be backed by 10% of the entire app portfolio marketplace platform. All portfolios will set aside 10%of their liquidity reserves to make this value available as a form of dividend payments in the system with a buyback and burn of the APPX master token. All activity happens on the OpenLedger DEX (www.openledger.io), the de-facto bitshares decentralized exchange, on top of the Graphene powered bitshareblockchain. On-line and completely transparent.

1. age Initiating Coverage
February 26th, 2017
Fintech, 'Stockmarket Of
Apps' Lures Crowdfund
Investors
Forbes Magazine
10/27/16

2. Bitcoin IRA Global Investment Research 2
“Our app portfolio tokens will have the potential to
explode in value without requiring large numbers of user
adoption. If any app under our 2 year agreement goes
viral and increases their monthly contributions, the
entire portfolio may buzz with activity. Suddenly an
unknown portfolio token's reserve may become a small
fortune for an obscure group of participants.” Apptrade
Founder, Daniel Pineda
Apptrade,thestockmarketforappsoffersawholesaleopportunity
toinvestintheApptradeplatformwithamastertoken,calledAPPX.
APPXwillbebackedby10%oftheentireappportfoliomarketplace
platform. Allportfolioswillsetaside10%oftheirliquidityreserves
tomakethisvalueavailableasaformofdividendpaymentsinthe
systemwithabuybackandburnoftheAPPXmastertoken.
AllactivityhappensontheOpenLedgerDEX(www.openledger.io),
thede-factobitsharesdecentralizedexchange,ontopofthe
Graphenepoweredbitshareblockchain.On-lineandcompletely
transparent.
APPX
Issuer: OpenLedger
Decimals: 2
Type: User Issued Asset
Charge market fee
White list
Override authority
Transfer restricted
Disable confidential
MAX: 1,000,000,000
MAX FEE: 10,000,000
Apptradehelpspublishersanddeveloperssharerisk,withcross-marketingandcollaborative
fundingviaappportfolios.Developerscanraisecapitalasagroupthroughashareddigitalreserve,
ablockchainreserveofdigitaltokensthatarebackedbytherevenueoftheapps.
“Appportfoliosgivespeculatorstheabilitytodiversifytheirriskacrossacollectionofdigitalgoods
withouttheneedforownership,”Pinedaexplains.
Brief Overview
Token Issuance
ITO: Feb 28
Total potential supply round 1: 8 250 000 including the added 250 000 tokens as bonus in early bird offering
NOTE: Asset Issuance of temporary token APPX.WARRANT will occur post stage 1, the first day of stage 2
and only sold amounts via token crowdsale or private investors will be distrubuted. AAPX will be possible to redeem 1 year
from the end of first ITO round of master token crowd sale.
An estimated amount of 8.25 mllion Master tokens is offered for sale in the first round of APPX token sales.
Should the entire amount be sold during the crowdsale it is an amount of approximately 5 million USD.
Developers earned over
$35 billion last year.
Apptrade is doing to app developmnent what Uber did to the taxi industry.

3. Bitcoin IRA Global Investment Research 3
Publisher Benefits
Contentcreatorskeeptheirrightsandequity
whiletheyfocusonwhattheydobest:
makingprofitableapps.
Castawidernetofexposure.
Getresourcesfordevelopmentandcreatean
ecosystemofusersthataddstothe
portfolio'scollectivevalue.
StrengthInNumbers
Independentapppublishersgetadded
supportfortheirappswithcollaborative
funding.Coordinatingtheirpromotional
effortsasaportfoliomayimprovetheirapp’s
individualexposure.
SponsorsBenefits
Bypurchasingdigitaltokensthatarebacked
byapprevenuestreams,Sponsorsare
essentialygettingearlyaccesstoapp
portfolioearnings,puttingtheminthefrontof
thelinetoanyofferstoacquisitions.
StreamlinedCompliance
Eachportfoliomaintainsawhitelistofverified
participants,allowingtokencreatorsto
complywithKYC(KnowYourCustomer)and
AMLlaws(AntiMoneyLaundering).
Asappsgrowinvaluetokenholdersare
rewardedwithongoingpayoutsfromthe
portfolio'sreserve.
The Model Benefits Both Sides

4. Bitcoin IRA Global Investment Research 4
This research is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It
does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.
Clients should consider whether any advice or recommendation in this research is suitable for their particular circumstances and, if appropriate, seek
professional advice, including tax advice. The price and value of investments referred to in this research and the income from them may fluctuate. Past
performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates
could have adverse effects on the value or price of, or income derived from, certain investments. Certain transactions, including those involving futures,
options, and other derivatives, give rise to substantial risk and are not suitable for all investors. Investors should review current disclosure documents which
are available from Bitcoin IRA sales representatives or at https://bitcoinira.com/free-bitcoin-ira-guide. Supporting documentation will be supplied upon request.
All research reports are disseminated and available to all clients simultaneously through electronic publication to our internal client websites. Not all research
content is redistributed to our clients or available to third-party aggregators, nor is Bitcoin IRA responsible for the redistribution of our research by third party
aggregators. For all research, models or other data available on cryptocurrency please contact a Bitcoin IRA sales representative at 1-877-936-7175 or go to
https://bitcoinira.com/contact-us. Disclosure information is also available at https://bitcoinira.com/risk-disclosures or by writing Compliance, 15303 Ventura
Blvd., Suite 1060 Sherman Oaks, CA 91403.
© 2017 Bitcoin IRA. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the
prior written consent of Bitcoin IRA.
DISCLAIMER
Developers earned over
$35 billion last year.
Apptrade is doing to app developmnent what Uber did to the taxi industry.

5. Bitcoin IRA Global Investment Research 5
WhatisthedifferencebetweenApptrade
andotherdigitalgoodslistingsites?
Therearetwodistinctdifferences:
1.Apptrade’shallmarkisraisingcapitalusing
blockchaintokenstofundappdevelopment.
Holdersofthesetokenscantradethemfor
othercryptocurrenciessuchasBitcoinor
Ether.
2.Apptrade'smarketplacebringstogether
contentcreatorstoworktogethertogain
exposure.
CanIsponsormorethanoneportfolio?
Therearenorestrictionsonhowmany
portfoliosyoumaysponsor. However,
portfoliosareunaffiliatedwithoneanother.
Trafficiscontainedwithintheirrespective
portfolioecosystems.
HowdoAppportfoliosgenerateRevenue?
•Downloadrevenue.
•Inapppurchases.
•Adrevenuefrommobileadnetworks.
•Brandlicensing.
•Assetorsourcecodesales.
•Crossapppromotionsand
advertisements.
Whatdoappportfoliosdowithrevenue
raisedfromtokensales?
A)Recruitmoreapppublisherstojoin
portfoliosonourexchange.
B)Appflipping:buyandsellappsourcecodes
tobuildinventoryandvalue.
C)Fundexistingapps. Givingappdevelopers
resourcestocontinuetheirgrowth.
Eachappportfoliocreatesandstoresa
supplyofdigitaltokensinasharedreserve.
Eachappcontributesaportionofearnings
intothisdigitalreserve.Appportfolios
distributevaluefromthisreserveasdigital
tokensonthe OpenLedgerdecentralized
exchange(DEX).
Sponsorsmaybuyportfoliotokens.Earnings
fromtheportfolio’sdigitalreservearevalued
asmarketpeggedassetscalledSmartcoins.
Appportfoliotokensaretradeableon
OpenLedger’sDEXmarketplaces.Inessence,
Apptradeispoolingroyaltystreamsona
transparentexchange.
Whodecideswhichappsgetfunded?
It'sallperformancebased.Throughaprivate
dashboardeachparticipantwillseethe
monetarypathoftheirportfolio,alongside
eachapp’sanalytics.Withthisdata,userscan
makethebestdecisionswhenitcomesto
selectingappportfolios.Apptradeappoints
internalfinancialanalystsandmobile
analyticsprofessionalsthatoverseethe
performanceofallappportfolios.
Howdoyouscreenappsforquality?
SinceApple,Google,andmostappstores
performqualityassurance,we’llleteach
portfoliotakeaninternalpolltodetermine
whichappswillbeincludedintheirgroup.
Apptrade’smobileappprofessionalswillwork
withportfoliostoscreenappsforquality,
value,andpotential.
Howlongdoesaportfoliolistinglast?
Publishersmayjoinaportfoliofora2year
term.
How App Portfolios Work

6. Bitcoin IRA Global Investment Research 6
Whatisablockchain?
Apublicdigitalledger,updatedandsecuredbyanoncentralpeertopeernetwork. Forsimplicity,
adistributednetworkthatisnotownbyanysingleinstitution.Muchlikethedistributednatureof
theinternet,willingparticipantsusetheircomputationalresourcestoverifytransactions.
Otherwiseknownasproducing"blocks'oftransactions.Thischangeoccursasanupdateofthe
historyofalltransactionsonthenetwork. Amasterpublicledger.This“internetofvalue”is
availableanywhereintheworldfromanycomputer.
Whatisthestructureofanappportfolio’sreserve?
Eachportfoliohasadigitalreservewhichisbackedbyrawcashflow. Forthoseinthe"know'each
portfolioisadecentralizedautonomousentity;ashareddigitalescrowcontrolledbyasmart
contract.Eachportfoliofeaturesasupplyoftokensthatarelinkedtodigitalroyaltystreams.
Apptradeisnotsellingshares,memberships,orinstrumentsofdebt.Digitaltokensareusedto
payoutdividendscollectedbyaccountreceivablesthatwillbesecuredbyaccountsontheDEX.
Apptradeportfolioreservesareprogrammedtoautomaticallyexecutethetermsofacontract.
Rulesofanagreementareprogrammaticbusinessmodelsorfeestructuresthatcanbewrittenin
codeandmaintainedbyasecureandopennetwork.
Whatmakesthissystemsecure?
Adecentralizedenvironmentremovescounter-partyandcustodialrisk.Bitsharesisa
decentralizedexchangethathasKYCcompliancepermissionsbuiltintotheframeworkofthe
platform.Thissavescostsoncomplianceandsecurityasthepapertrailandidentityofany
accountcanbeverifiedontheBitsharesblockchainexplorer.Thetermsofcontracts,andtheir
respectivealgorithmsinaction,canbecheckedastheBitsharesdocumentationisopensource.
Howlongisthetermforholdingportfoliotokens?
Forever.Sponsorscanredeemthevalueoftheirportfoliotokensoneyearafterpurchase.
Apptradeportfolioswillneedthistimetobuildvalue.Stableliquiditygivesapppublisherstimeto
utilisefundsfordevelopmentandpromotions.Allportfoliotokensthereafterwillbetradableat
anytime.Portfolioreserveswillpaytokenholderseverymonthfromtheirrespectiveportfolio
reserves. Newappsareconstantaddedandtheportfoliosgoalistomaintainit'sgrowth.
Isthislegal?
BitsharesSmartContractsareinherentlycompliantready.Theregulationsforissuingdigital
assetsarebakedintotheBitsharesprotocol.Rulesandtermsofacontractcanbeseenbythe
public.Thisaddsmorelayersoftransparencythatensuresthatthetokensideoftheplatformis
regulationready.
How Bitshares Tokens Work

7. Bitcoin IRA Global Investment Research 7
ComplianceFeatures:
1.Theabilityforcreatorstoseizetokens.
2.Holdershaverecoursethroughthetoken’sfungibility.
3.Creatorsmayrestricttradingontheirtokens.
4.AwhitelistofaccountsmustbemaintainedbycreatorsasisrequiredbyKYCandAMLlawsfor
tokencreation.
Intotalthereare3layersofcompliancepresent;oneatthelevelofthecode,thenatthelevelof
OpenLedger'sKYCIDvalidation,andfinallyApptrade’sownduediligenceofverifyingtoken
buyersandapppublishersupontheirenrollment.
Howdowescreensponsors?
Apptradeoperatesinacompliancefriendlyenvironment.Weidentifyandvetallparticipantsin
Apptrade’sappportfoliomarketplace. InkeepingwithKYCandAMLvalidations,Apptrade
requiresparticipantstobevettedinordertobecomeasponsororappbroker.
Howcantokenholdersrelyonpricestability?
Wecan’tenforcehowtokenholdersstoretheirwealth. However,wecaninformusersthat
accountvaluecanbestoredinpricecontrolledcryptocurrencies.TheBitsharesplatformhas
solvedthisissueofpricestabilitythroughafeaturecalledSmartCoins.Oneexampleisthe
Bit.USD,whichispeggedagainstthepriceofthedollar. Bit.USDislessvolatilethanmost
cryptocurrenciesandcanbeusedtostabilizecustomeraccounts,ifcustomerschoose.
WhatifpublishersraisecapitalorsellappsoutsideoftheApptradeplatform?
Therevenuefromsellingtokensdoesnotcreatedilutionwithincorporateshareholdingsas
tokensarenotinstrumentsofdebt. Creatingadecentralizedappisbestclassifiedasacompany
productthathascoststodevelopandmaintain.
Isthisequitycrowdfunding?
No.Thisbusinessmodelisabranchofopeninnovation.Thepubliccaninfluencesomeaspectsof
productionandmarketing.InApptrade'susecaseit’saconsortiumofpublishersthatself
organizearoundoneofferingwherenodebtorequityisexchanged.Eachportfolio’sbuyback
programispartofaforprofitmodelwheresponsorsearnrevenuefromtheappportfolio'sthey
support.
IsApptradeabrokerdealer?
Apptradeisnotabrokerdealerandisnotlicensedasasecuritiesbrokerdealerorinvestment
advisoranddoesnotactassuch. ThoughApptradeconsultswithsecuritiesprofessionalsas
advisorsandmanagers,whichareregisteredassecuritiesprofessionals,Apptraderemainsan

8. Bitcoin IRA Global Investment Research 8
objectivefacilitatorofactivitiesontheappportfoliomarketplace. Apptradeispaidafeebythe
marketplacewhenevertokensaresoldortraded.Apptrademanagersandbrokersarerewarded
whenappportfolioreservesincreasetheircashflow.
DoesApptradeusesponsorcapitalforinvestingincryptocurrency?
No.Weacknowledgecryptocurrenciesasabranchofdigitalgoods.However,duetothevolatile
natureofmostcryptocurrenciesweareexcludingthemfromappportfolios.Weonlyuseprice
peggedSmartcoinstostoreandpayoutappportfolioearnings.Capitalraisedisforgrowing
apps.Tokenrevenuesarenotusedforspeculatingcryptocurrencies.
CanIcustomizemyowntoken?
Apptradehasastandardofqualitythatitmaintainsforalltheappslistedonitsappportfolio
exchange.Ifabrandwantstoissueamarketforasingularproject,listedseparatelyfromapp
portfolios, weencourageappstomeetourrequirementsforacustomlisting.
Howdowevaluateapps?
Apptradejustifiesitspriceswithappanalyticspublishedonthesite.Thegeneralpriceoftheapp
isdifferentfromthepriceofatoken.Buttodeterminetheapp'smonthlycashflow,adifferent
metricisusedfordeterminingtheapp’sgrossvalue.
Sponsordashboardswillfeature4keydatapoints:
1.Projectedmonetaryvalueofportfolio.
2.6monthsoftrailingcashflow.
3.Numberofusersinportfolio.
4.Valueofdevelopment.
Themonthlyaveragevaluesaredeterminedbyrealworlddata.Thetotalvalueoftheportfoliois
basedonthecollectivevalueoftheindividualapps.
WhydidyouchoosetheOpenLedgerassetexchange?
OpenLedgerhasbuiltthemarketplaceforSmartCoincreation.Withthesecurityand
transparencyoftheOpenLedger,Apptradecanfullyembracethisnewformofcollaborative
marketing.
CanIinvestdirectlyintoApptradethecompany?
Apptradeislaunchingantokensaletoraisefundsforfurtherdevelopmentandmarketingfor
itselfandtheappsthatjointheplatform.Apptradewilllaunchamastertokenforpre-investors&
ITOparticipants,whichwillrepresentandreceive10%oftheentiremarketplace'sfutureearnings.
ThismastertokendoesnotrepresentequityinApptrade. Payoutformastertokenholdersbegins
oneyearafterpurchase.

9. Bitcoin IRA Global Investment Research 9
Description of Terms and Disclaimers
Each app portfolio is a profit sharing market hosted through a decentralised application (DAPP). The terms of collaboration
and exchange are managed by decentralised software that lives on a permissioned blockchain. The value of each
portfolio’s reserve is represented in digital units called tokens. These tokens are part of a DAPP and can also be referred to
as smart contracts that are created by a DAPP. The OpenLedger (DEX), Bitshares’s online wallet, itself is a larger
decentralized autonomous application. These various portfolio token reserves are smaller DAPPs that run on top of the
OpenLedger’s DEX, powered by the Bitshare’ s protocol. Tokens are the conduits into any app portfolio’s profit sharing
ecosystem.
The term permissions refers to the necessary on-ramps to compliancy. Such requirements allow participants to interact in
an environment where laws can be enforced. For example, each portfolio reserve of tokens will maintain a whitelist for each
portfolio’s respective market. All tokens featured on Apptrade’s app portfolio marketplace will adhere to a baseline of
requirements necessary to protect customers, while promoting transparency. In the process the type of tokens featured
via app portfolios will be standardized to maximize security, stabilize prices, and improve accountability. Our goal is to
standardize a particular set of terms for all app portfolio tokens on www.Apptrade.io. Creating a turnkey solution that both
token sellers and their sponsors can rely on is important to us. Making a standard token available streamlines the process
of creating tokens on www.Apptrade.io. Having a preset standard helps groups wishing to create their own supply of
tokens through the FPO model without having to spend on R&D . In other words you don’t have to be an expert in block
chain technology or apps to benefit from these utilities.
Some may wish to add or modify terms in the future. Apptrade is open to this possibility as eventually supply and demand
will guide policy, Apptrade acts as an objective facilitator to the access and flow of resources.
The terms of all DAPP creation are set forth in the smart contract code existing on the Bitshares blockchain at (TBD)
Nothing in this explanation of terms or in any other document or communication may modify or add any additional
obligations or guarantees beyond those set forth in a DAPP’s code. Any and all explanatory terms or descriptions are
merely offered for educational purposes and do not supercede or modify the express terms of the DAPP’s code set forth on
the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and
the functionality of any DAPP, the code controls and sets forth all terms of all possible portfolio token creation.
Important Disclaimer:The tokens that DAPPs create do not represent or constitute an equity ownership stake, share, or
equivalent in any public or private company, corporation, or other entity in any jurisdiction; DAPP, also known as tokens, are
only for use in connection with a DAPP under the terms of any DAPP’s smart contract code and do not entitle any holder of
tokens to any additional rights with respect to any other corporation, company, or entity in any jurisdiction.
When you sign up on www.Apptrade.io you are agreeing that you are taking part in the token marketplace under the terms
set forth in each DAPP’s smart contract code at your own risk. If you are entering into a DAPP’s creation and distribution for
another entity or any third-party, such as any company you work for, you represent to any and all DAPPs, you warrant that
you have legal authority to bind that entity to these terms as set forth in each token’s smart contract code.
By creating tokens through interaction with OpenLedger or Apptrade you expressly agree to all of the terms and conditions
set forth in their terms. If you do not understand or do not agree to those terms, you should not create tokens or
participate in any app portfolio’s token sale.
The use and creation of tokens is associated with significant financial risk, including using experimental software. This
document does not constitute a prospectus of any sort, is not a solicitation for investment and does not pertain in any way
to an offering of securities in any jurisdiction.
A token’s smart contract code governs the creation of tokens and supercede any public statements about any DAPP’s
creation made by third parties or individuals associated with a DAPP, in the past, present and future. The bitshare’s open
sourced software documemtation is currently available at https://docs.bitshares.org//index.html.

10. Bitcoin IRA Global Investment Research 10
By interacting with a DAPP’s smart contract code and creating tokens, you:
You further agree to accept sole risk for the creation of app portfolios and DAPP managed supply of tokens. You also must
recognize that DAPPs are continuously being developed.
Risks
The creation of tokens carries with it significant risk. Prior to creating a supply of tokens, carefully consider the exemplary
and non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax
professional prior to creating and holding tokens through a DAPP.
1. Risk of Security Weaknesses in Bitshares Software
The idea of profit sharing with blockchain tokens is both experimental in nature and unproven. There is a risk that, as an
open source project, any contributor to the token software could introduce weaknesses or bugs into the token software,
causing the loss of value of the tokens in one or even all of the accounts.
2. Risk of Weakness in the DAPP’s underlying blockchain, and/or Bitshares Network.
The token’s software is itself based on an unproven platform: the Bitshares blockchain. There is a risk that, as an open
source project, any contributor to the Bitshares blockchain could introduce weaknesses or bugs into the Bitshares
software, causing the loss of tokens in one or more or even all of the token holder’s accounts.
3. Risk of unforeseen attack vectors
The field of digital cryptography is very new and for this reason, there is a risk of unforeseen attack both in terms of the
underlying cryptographic protocol that backs the functioning of DAPPs as well as 'game theory' related vectors which have
not been documented to date. Both these vectors represent a risk that could lead to the loss of tokens in one or more or
even all of the token holder’s accounts.
4. Regulatory risks
Blockchain technology and Bitshares are improving access to value between individuals and/or companies, some still to be
imagined and implemented. As with the appearance of cryptocurrencies such as Bitcoin, it is very likely that specific
regulations will be set in different jurisdictions targeting blockchain technology and more specifically token sales. These
regulations may or may not be DAPP friendly and some might even forbid any relationships between an individual or
company and a DAPP.
Taxation
No party involved with the creation of DAPPs makes any representations concerning the tax implications of the creation of
tokens or the possession or use of tokens. Token holders bear the sole responsibility to determine if the creation of tokens
or the potential appreciation or depreciation in the value of tokens over time has tax implications for the token holder in
their home jurisdiction. Users create tokens with their own actions. To the extent permitted by law, third parties or
individuals associated with the creation of tokens are not responsible for any tax liability associated with or arising from
the creation of DAPPs tokens.
• represent and warrant that you have an understanding of the usage and intricacies of cryptographic tokens,
and other blockchain-based software systems;
• represent and warrant that you are legally permitted to create tokens in your jurisdiction; Before listing or
creating tokens, you must check your local regulatory climate.
• represent and warrant that you waive your right to participate in a class action lawsuit or a classwide
arbitration against any entity involved with the creation of app portfolios and DAPPs; tokens.
• represent and warrant that you take sole responsibility for any restrictions and risks associated with the
creation of tokens as set forth below;
• represent and warrant that you are not exchanging cryptocurrencies for tokens for the purpose of speculative
investment;
• represent and warrant that you are not exchanging tokens for any illegal purpose within your jurisdiction;
• represent and warrant that you understand that token creation does not involve the purchase of shares or
equivalent in any existing or future public or private company, corporation, or other entity in any jurisdiction;
• represent and warrant that you understand that there is no warranty whatsoever on tokens, express or
implied, to the extent permitted by law, and that tokens are created on an “as is” basis.

11. Bitcoin IRA Global Investment Research 11
Cryptocurrencies and crypto assets that are ultimately converted into local fiat, via any withdrawal gateway linked to a
traditional banking institution, could be subject to capital gains. However converting existing cryptocurrencies into other
crypto products could be treated with a whole new set of policies. Once such policy is set to treat the conversion of
crypoproduct to crypoproduct (C2C) as a capital deferment with a reduced tax obligation. Similar to how many businesses
transfer gains to purchase more assets, gains on crypto currencies could be shielded from tax exposures. However these
terms do not represent any form of legal advice or recommendation.
Converting the value of tokens into other crypto assets would have to be treated under a new framework. Any participation
may lead to an eventual best practices framework that can continue to improve the transparency and security that
Apptrade.io aims to achieve.
Forward looking statements
This description contains statements that are, or may be deemed to be, “forward looking statements” which are
prospective in nature. These forward looking statements may be identified by the use of forward looking terminology, or
the negative thereof such as “outlook”, "plans", "expects" or "does not expect", "is expected", "continues", "assumes", "is
subject to", "budget", "scheduled", "estimates", "aims", "forecasts", "risks", "intends", "positioned", "predicts", "anticipates"
or "does not anticipate", or "believes", or variations of such words or comparable terminology and phrases or statements
that certain actions, events or results "may", "could", "should", “shall”, "would", "might" or "will" be taken, occur or be
achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future
expectations. Forward-looking statements are not based on historical facts, but rather on current predictions,
expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of
operations, prospects, financial condition and discussions of strategy. By their nature, forward looking statements involve
known and unknown risks and uncertainties, many of which are beyond anyone's control.
Forward looking statements are not guarantees of future performance and may and often do differ materially from actual
results. Important factors that could cause these uncertainties include, but are not limited to, those discussed in the
“Risks and uncertainties” of this document. None of the third parties provide any representation, assurance or guarantee
that the occurrence of the events expressed or implied in any forward-looking statements in this document will actually
occur. Token holders are cautioned not to place undue reliance on these forward-looking statements which only apply as of
the date each Apptrade account is created. All third parties involved with a DAPPs creation and their affiliates expressly
disclaim any intention, obligation or undertaking to update or revise any forward looking statements, whether as a result of
new information, future events or otherwise. The making of this document does not constitute a recommendation
regarding any securities.
Disclaimer of Warranties
THE USER EXPRESSLY AGREES THAT THE USER IS CREATING AND HOLDING TOKENS AT THE USER’S SOLE RISK AND THAT
DAPP BASED TOKENS ARE CREATED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESSED OR
IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS
FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW).
WITHOUT LIMITING THE FOREGOING, NONE OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH ANY TOKEN CREATION
WARRANT THAT THE PROCESS FOR PURCHASING DAPP TOKENS WILL BE UNINTERRUPTED OR ERROR-FREE.
Limitations Waiver of Liability
USER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, USER WILL NOT
HOLD THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH ANY TOKEN CREATION LIABLE FOR ANY AND ALL DAMAGES OR
INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, DAPP TOKENS OR THE DAPP PLATFORM
UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION,
ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE
THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH TOKEN CREATION SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL,
SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY
WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR CREATION OF, OR INABILITY TO CREATE, DAPP TOKENS.
USER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH A DAPP
CREATION ARE NOT LIABLE, AND USER AGREES NOT TO SEEK TO HOLD ANY OF THE THIRD PARTIES OR INDIVIDUALS
ASSOCIATED WITH THE CREATION OF DAPP TOKENS LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER
CREATORS OF TOKENS, AND THAT THE RISK OF CREATING AND USING TOKENS RESTS ENTIRELY WITH THE USER.

12. Bitcoin IRA Global Investment Research 12
This research is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It
does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.
Clients should consider whether any advice or recommendation in this research is suitable for their particular circumstances and, if appropriate, seek
professional advice, including tax advice. The price and value of investments referred to in this research and the income from them may fluctuate. Past
performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates
could have adverse effects on the value or price of, or income derived from, certain investments. Certain transactions, including those involving futures,
options, and other derivatives, give rise to substantial risk and are not suitable for all investors. Investors should review current disclosure documents which
are available from Bitcoin IRA sales representatives or at https://bitcoinira.com/free-bitcoin-ira-guide. Supporting documentation will be supplied upon request.
All research reports are disseminated and available to all clients simultaneously through electronic publication to our internal client websites. Not all research
content is redistributed to our clients or available to third-party aggregators, nor is Bitcoin IRA responsible for the redistribution of our research by third party
aggregators. For all research, models or other data available on cryptocurrency please contact a Bitcoin IRA sales representative at 1-877-936-7175 or go to
https://bitcoinira.com/contact-us. Disclosure information is also available at https://bitcoinira.com/risk-disclosures or by writing Compliance, 15303 Ventura
Blvd., Suite 1060 Sherman Oaks, CA 91403.
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DISCLAIMER
Developers earned over
$35 billion last year.
Apptrade is doing to app developmnent what Uber did to the taxi industry.