The offerings available through Roofstock onChain include non-fungible tokens referred to as Homes onChain, each representing a single-family property-owning limited liability company. Homes onChain are not offered through any real estate brokerage firm or agent and are not securities as defined by the U.S. Securities and Exchange Commission Act. Neither Roofstock onChain nor its agents, employees, or affiliates serve as your advisor, agent, broker, contracting agent, or fiduciary and do not provide, or offer to provide, financial, investment, legal, real estate, or tax advice.
Transacting on the blockchain, trading cybercurrency, and holding real property through a limited liability company may all have tax implications. You agree that you are solely responsible for determining what, if any, taxes apply to your transaction.
All Roofstock onChain transactions are facilitated by Smart Contracts deployed on the Ethereum blockchain. The Ethereum blockchain requires the payment of a transaction fee (a “Gas Fee”) for every transaction that occurs on the Ethereum blockchain, and thus every blockchain transaction occurring on the Platform. The value of the Gas Fee changes, often unpredictably, and is entirely outside of the control of Roofstock onChain. You agree that under no circumstances will a contract, agreement, offer, sale, bid, or other transaction be invalidated, revocable, retractable, or otherwise unenforceable on the basis that the Gas Fee for the given transaction was unknown, too high, or otherwise unacceptable.
Illustrations represent artistic interpretation and rendering of key architectural and design elements, and are not exact replicas of property. Actual grading, landscaping, proportions, scale, or other features of property may differ from drawing.
