FANTASY is a blockchain-based sharing platform for P2P asset trading. FANTASY was started with the goal of establishing a global sharing economy trading platform. FANTASY is owned trading for are based , the vehicle shall be shared, such as shared accommodation shared economic goals of ecosystem markets can build buyers and sellers to buy and sell partly to the goods and services they have to participate in. Such transactions are possible in a blockchain-based ecosystem. FANTASY allows community participants to directly interact with each other through P2P on the FANTASY platform. This will allow users to directly trade services and products without the need for intermediaries that exist in traditional markets.

Airbnb , Uber, Get Around , Carrot Market, Fiber and Taskrebit are all achieving great success as a sharing economy. Sharing economy refers to economic activities by recognizing that goods are rented and borrowed from each other rather than owned. PwC (PricewaterhouseCoopers , according to), the worldwide sharing economy is expected to grow from $ 15 billion in 2013 dollars 335,000,002,025 years. In terms of revenue from platform providers, the sharing economy reached $18.6 billion in 2017 and is expected to reach $40.2 billion in 2022. Given this growth trend, the sharing economy market will continue to rise in the future.
The market is demanding a new peer-to-peer (P2P) type of transaction. This comes from the following market problems. First, today’s sharing economy market charges excessive fees for services. Second, traditional centralized platform companies such as Uber and Airbnb are taking advantage of their biases. Third, companies that monopolize various product groups in the sharing economy market hinder innovation by preventing competitors from entering the market.

FANTASY proposes the following four missions to solve these problems.
1. Build an efficient marketplace where users are charged low fees .
2. Users own network data, encouraging fair competition with open shared data.
3. We build an open, decentralized network that motivates users, including buyers and sellers, to collaborate and innovate together for the benefit of the community .
4. We take the lead in protecting the environment by activating the sharing economy.

To achieve the above goal, the Fantasy Chainlabs devised FANTASY , a blockchain-based sharing platform for peer-to-peer asset trading . FANTASY will be used as a trading vehicle sharing, shared accommodation, sharing economy buyers and sellers aim to build ecosystems to trade goods and services with their partially participating in. Buyers and sellers can receive rewards and incentives as they participate in, contribute and expand the FANTASY ecosystem. FANTASY is an innovation for the future where more diverse products as well as goods and services of the existing sharing economy are traded on a platform built on the basis of shared data .
FANTASY is a blockchain-based decentralized P2P marketplace that directly connects sellers and buyers . FANTASY is not a centralized platform operated by intermediaries such as Uber, Grab, Airbnb, GoJek , and Amazon, but builds an efficient ecosystem where buyers and sellers around the world can trade directly with each other in P2P form. This will allow users to directly trade services and products without the need for intermediaries that exist in traditional markets. About 15-30% of commissions generated in the existing sharing economy market can be reduced
FANTASY includes a reward incentive mechanism using blockchain smart contracts . Participants in the FANTASY ecosystem can get rewards commensurate with their contributions without a complicated process. FANTASY provides multi-purpose reward incentives to developers, marketplace operators, buyers and sellers to promote ecosystem expansion. Participants in the FANTASY ecosystem can earn rewards by inviting new users to the marketplace, participating in trades, promoting published products, or building new applications. Thus FANTASY is a smart contract and promotes various types of engagement members from the ecosystem through, through which FANTASY ecosystem participants FANTASY promote and to attract new users.

2.1. Sharing economy

The online-based peer-to-peer (P2P) sharing economy has grown tenfold in three years. Accommodation sharing services such as Airbnb accounted for the majority. The P2P sharing economy refers to services that include short-term housing rental services based on online platforms, ride sharing between individuals using idle vehicles, and talent sharing in foreign languages . Overseas, services such as Airbnb , Uber, Getaround , Fiber, and Taskrebit that use idle assets as an opportunity to share and collaborate with each other have become the trend of the times and are continuously expanding.

Sharing economy refers to economic activities by recognizing that goods are rented and borrowed from each other rather than owned. It is a form of consumption that maximizes resource utilization by sharing with others and increases efficiency from the point of view of the owner so that buyers can use it at a low price. Examples of overseas sharing economy are as follows.

Statistical agencies in major countries, such as the Bureau of Economic Analysis (BEA) under the U.S. Department of Commerce and the Japanese Cabinet , are also counting P2P transactions through digital platforms when determining the size of the sharing economy. FANTASY analyzes various cases, scales, and problems in the P2P sharing economy market and suggests solutions.

Uber (UBER ): Ride-sharing service
Air bienbi (Airbnb): Accommodation sharing services
above work ( WeWork ): shared office services
geteo round ( Getaround ): Car-sharing service
Fiber ( fiverr ): Geek economy that connects a professional freelancer and business owner in (Gig Economy)
Marketplace Task Levitt (TaskRabbit): Short-term part-time offerings

2.2. Sharing economy market

According to PwC (Price Waterhouse Coopers), one of the world’s four largest accounting consulting firms, the size of the online sharing economy is projected to grow from $15 billion in 2013 to $335 billion in 2025. is expected to continue its growth. According to the Bank of Korea, the size of the digital and sharing economy between individuals more than doubled from the previous year to 58.1 billion won in 2016, and doubled again in 2017 to 135.6 billion won. In 2018, it reached 197.8 billion won, nearly tenfold from 20.4 billion won in 2015, showing a steady upward trend. Given this trend, the upward trend is expected to continue in the future..

2.3. Market problem

2.3.1. Unfair fees

Airbnb has built an impressive technology platform to facilitate online bookings and reviews, and is launching a local operations team to develop and nurture local markets. Airbnb, a lodging-sharing service that surpassed KRW 100 trillion in market capitalization on the first day of its IPO in December 2020, has 54 million active users in 100,000 cities in 220 countries worldwide as of 2019, and the cumulative number of users is 825 million. reaches to It is undeniable that Airbnb has added tremendous value to the sharing economy market .
However, today’s sharing economy market is charging excessive fees for services. For example, Airbnb charges guests a 5-15% commission and receives a 3-5% commission on bookings from hosts. In other words, Airbnb basically acquires at least 15% of the transaction cost as a commission. It’s worth noting that Airbnb is n’t the only company charging excessive fees for matching services . Online Travel Agency (OTA), which is considered to be Airbnb’s main competitor, does not charge fees to its guests, while charging hosts as high as 15%. In the case of Expedia, partner hotels charge a commission of 15-30% of the transaction amount. In this regard, FANTASY aims to build an efficient marketplace where participants are charged fairly and cheap fees

2.3.2. Centralized Platform Economic Model

In the present era, suppliers and consumers meet and trade through the P2P sharing economy platform to obtain added value. However, in the platform economy model, the centralized platform is holding up as an intermediary. Uber and Airbnb are prime examples. Sharing economy platform services such as Uber and Airbnb generate profits, but also damage individual lives due to centralized power. In fact, Uber increased the fees it collects from drivers from 15% to 30%, but drivers could not influence those decisions. Airbnb expelled users from rented facilities for the rally and canceled their accounts. This is because, in the platform economy model, the platform is only interested in profit and it is difficult for producers to participate as the subject of the platform. Goods and services that add value to the ecosystem should be freely traded based on fair market prices and quantities without interference from those who want to take advantage of unbiased interests. FANTASY aims to encourage fair competition with open shared data by allowing the community, rather than a centralized platform, to own network data, and to continuously improve updates to the community.

2.3.3. Market monopoly, lack of innovation

Companies that monopolize various product groups in the sharing economy market prevent competitors from entering the market, hindering innovation. A monopolist’s data holdings, marketing costs and brand awareness keep competitors from entering the market. The most prominent example of this is craigslist , a marketplace for services and goods . Craigslist has been in the market for over 20 years, despite its outdated UI, unreliable system, and even failing to provide a secure and easy way to transact. For the growth of the market, innovations in the underlying infrastructure, product functions and business mechanisms must continue. It must continue to evolve for a future where the entire ecosystem of buyers and sellers can benefit. FANTASY aims to be an open, decentralized network that creates incentives for users, including buyers and sellers, to collaborate and innovate together for the benefit of the community .

2.4. Fantasy Chainlabs’s mission

The Fantasy Chainlabs intends to solve the problems raised above by proposing a blockchain-based shared platform for P2P asset trading. The solutions to the problems suggested by the Fantasy Chainlabs are as follows.
• Build an efficient marketplace where users are charged low fees .
• Users own network data, encouraging fair competition with open shared data.
• We build an open, decentralized network that motivates users, including buyers and sellers, to collaborate and innovate together for the benefit of the community .
• We take the lead in protecting the environment by activating the sharing economy.

To achieve the above goal, the Fantasy Chainlabs devised FANTASY , a blockchain-based sharing platform for peer-to-peer asset trading . FANTASY aims to build an ecosystem where buyers and sellers participating in the sharing economy market, such as used trading, car sharing, and lodging sharing, can partially trade their goods and services. Buyers and sellers can receive rewards and incentives as they participate in, contribute and expand the FANTASY ecosystem. FANTASY is an innovation for the future where more diverse products as well as goods and services of the existing sharing economy are traded on a platform built on the basis of shared data.

3.1. Why Blockchain?

3.1.1. Decentralized Market

FANTASY is a blockchain-based decentralized P2P marketplace that directly connects sellers and buyers . FANTASY is not a centralized platform operated by intermediaries such as Uber, Grab, Airbnb, GoJek , Amazon, etc., and builds an efficient ecosystem where buyers and sellers around the world can trade directly with each other in P2P form. FANTASY utilizes the KLAYTN blockchain and smart contracts, thereby complementing the existing centralized sharing economy marketplace . FANTASY aims for a free and transparent decentralized P2P marketplace, which means that it is difficult to be suspended or closed by a specific institution or person.
For example, peer-to-peer lodging platforms such as Airbnb may have limited transactions due to concerns about the safety and security of guests and damage to the host’s property. In FANTASY , each individual manages the digital credentials and reputation of buyers (guests) and sellers (hosts) with blockchain and implements a tamper-resistant system. Thus FANTASY is centralized and is not a platform for community-owned data networks, and to encourage fair competition, due to the open sharing of data. This will accelerate adoption of blockchain-based decentralized P2P marketplaces.

3.1.2. Reduce Fees

FANTASY is a blockchain-based decentralized P2P marketplace that directly connects sellers and buyers . FANTASY is not a centralized platform operated by intermediaries such as Uber, Grab, Airbnb, GoJek , Amazon, etc., and builds an efficient ecosystem where buyers and sellers around the world can trade directly with each other in P2P form. FANTASY utilizes the KLAYTN blockchain and smart contracts, thereby complementing the existing centralized sharing economy marketplace . FANTASY aims for a free and transparent decentralized P2P marketplace, which means that it is difficult to be suspended or closed by a specific institution or person.
For example, peer-to-peer lodging platforms such as Airbnb may have limited transactions due to concerns about the safety and security of guests and damage to the host’s property. In FANTASY , each individual manages the digital credentials and reputation of buyers (guests) and sellers (hosts) with blockchain and implements a tamper-resistant system. Thus FANTASY is centralized and is not a platform for community-owned data networks, and to encourage fair competition, due to the open sharing of data. This will accelerate adoption of blockchain-based decentralized P2P marketplaces.

3.1.3. Reward Incentives

FANTASY includes a reward incentive mechanism using blockchain smart contracts . Participants in the FANTASY ecosystem can get rewards commensurate with their contributions without a complicated process. FANTASY provides marketplace operators, buyers, and sellers with multi-purpose reward incentives to promote ecosystem expansion. Participants in the FANTASY ecosystem can earn rewards by inviting new users to the marketplace, participating in trades, promoting published products, or building new applications. Thus FANTASY is a smart contract and promotes various types of engagement members from the ecosystem through, through which FANTASY ecosystem participants FANTASY promote and to attract new users.

3.2. FANTASY Platform

3.2.1. Features and comparison

FANTASY is a blockchain-based sharing economy protocol for P2P asset trading. FANTASY builds a platform where all buyers, sellers, and market operators can participate in an open and free exchange of goods and services in the global sharing economy market. Such transactions are possible in a blockchain-based ecosystem. FANTASY allows community participants to interact directly with each other through P2P on the FANTASY platform. This will allow users to directly trade various sharing economy services and products without the need for an intermediary that existed in traditional markets..

FANTASY has several advantages compared to the existing sharing economy market..

Shareability
Transaction fees between buyers and suppliers are significantly reduced. FANTASY provides FANTASY tokens as a reward without charging transaction fees to incentivize marketplace operators, buyers and sellers with a rich incentive to build an ecosystem. Sellers can promote their listings and can optionally offer commissions to marketplace operators who help them connect them with buyers. These fees are expected to be significantly lower than those of existing centralized companies, and will be a strong incentive for marketplace operators, buyers, and sellers to provide a variety of services on the FANTASY platform..

Digital Asset
Traditional companies face significant barriers to entry if they want to expand their business globally. Businesses are required to set up new bank accounts, one for each country, and comply with applicable financial regulations for global services. However, FANTASY can be easily used by anyone anywhere in the world by using the FANTASY token. The FANTASY Marketplace will be launched on the KLAY mainnet and will be available in most countries of the world..

Incentive
The FANTASY Protocol includes an incentive mechanism to provide activity rewards to early ecosystem participants who hold and use FANTASY tokens. FANTASY encourages the acquisition of new users of the platform and rewards the act of establishing a safe operating infrastructure for marketing and operation of the platform. FANTASY motivates ecosystem activities through an incentive mechanism to encourage developers, marketplace operators, buyers and sellers to use and promote the platform. The details of the economic incentive mechanism will be described later.

A. P2P Market
FANTASY is a shared superplatform for P2P asset trading based on blockchain. Super platform refers to a platform that can provide various services through one app. In the FANTASY Super App, various services such as used trading, accommodation, car sharing, etc. will be loaded. The P2P Market is a consumer space where buyers and sellers of the network can conduct business. In addition to digital assets, the marketplace provides various payment methods such as credit cards. When using the marketplace as a digital asset, a Klaytn-based web browser wallet such as Kaikas is required.
The seller registers the product in the P2P Market representing FANTASY and approves the sale after linking with the digital asset wallet. Buyers can search and find all products and services provided in the P2P Market in an integrated way, and purchase desired products through P2P transactions..

B. NFT Market
FANTASY will launch NFT Marketplace (FANTASY NFT), an NFT marketplace and trading platform. The Fantasy Chainlabs is a marketplace leader with experience building peer-to-peer marketplaces, and the new NFT Global Marketplace will be the premier venue for NFT and digital collectibles across media, from visual arts, games, music and sports. FANTASY is a well-designed and intuitive digital platform that brings together artists, creators and digital asset users from all over the world, creating future collaboration opportunities with the Metaverse ecosystem..

FANTASY’s NFT Market (FANTASY NFT) operates in three main markets. A “user market” where general users can easily create NFTs with minimal cost, and a “premium market, corporations,” where famous artists and popular content exclusively provided by FANTASY’s NFT Market are traded for artists and creators. It can be used in business models. . In order to build a wide ecosystem, FANTASY’s NFT Market will provide users with high liquidity and low fees and conduct various NFT auctions. FANTASY supports FANTASY Wallet so that users can use various products and services. The NFT Market (FANTASY NFT) is expected to have an excellent effect on fraud prevention because it is possible to prove ownership by issuing NFT when trading used goods between individuals..

C. P2P Market + NFT Market
FANTASY is a P2P Market and NFT Market combined model, so you can expect the best synergy effect.

D. Webtoon platform
Webtoon platform using FANTASY to buy new webtoon episodes

3.3. FANTSY (FTSY Token)

3.3.1. Token Model

Called FANTASY Token or FTSY Token, it is a utility token that is used in various ways to grow the FANTASY ecosystem. FANTASY tokens are issued based on the KLAY network, and the contract address is as follows.

Contract Address:

The FANTASY token provides several key features on the platform. First, FTSY is an incentive token that facilitates the activities of market operators, buyers and sellers. Second, FTSY is used as a means of payment for P2P transactions between buyers and sellers on the FANTASY platform. Third, FTSY is used as a P2P transaction fee.

Market operators, buyers and sellers will contribute to the rise and maintenance of the value of FANTASY tokens by utilizing the FANTASY platform and conducting various economic activities within the platform.

3.3.2. Token Economy

FANTASY tokens are utility tokens used and circulated on the platform for P2P payments, transaction fees, and activity rewards. Participants in the FANTASY ecosystem can purchase and use FANTASY tokens on digital asset exchanges to purchase goods and services. In addition to purchasing through the exchange, FANTASY tokens can be acquired in the form of rewards or monetization through ecosystem contributions and various activities within FANTASY. In order to participate in FANTASY, a certain amount of FANTASY must be held, and holders are given the opportunity to participate in various events and obtain ecosystem rewards as well as participation in the ecosystem. Based on this process, the ecosystem and platform are flexibly expanded, and products are actively traded in various product groups, thereby establishing a virtuous cycle of FANTASY tokens..

A. P2P transaction
Users who acquire FTSY tokens through ecosystem activities can immediately purchase goods or services on the FANTASY marketplace. FANTASY platform users hold FTSY tokens, KLAY, and stablecoins in FANTASY Wallet and use them for payment. FANTASY platform users can enjoy convenient services with FTSY tokens acquired through FANTASY ecosystem activities without the hassle of purchasing KLAY or stablecoins from outside. In addition, FANTASY will provide a way to instantly purchase FTSY tokens through a decentralized exchange smart contract and use them in the FANTASY wallet..

B. FANTASY Reward
FANTASY Rewards is a reward program for buyers and sellers on the platform. FANTASY receives FTSY tokens as a reward through membership registration, creating a user profile, and user authentication. Compensation for writing reviews and community activities is also provided. User reviews and community activity details are recorded on the block chain, and user data that cannot be forged or altered is provided as basic information that can increase their confidence in the future. In order to increase the transaction volume on the FANTASY platform, a cashback mechanism is provided to users who make purchases through the best seller with the highest credibility on the network. FANTASY is designed so that new users and users with low technical understanding can easily participate in the FANTASY ecosystem. Users can get more FANTASY rewards the more active they are.

C. FANTASY Referral
One of the best ways to quickly grow an ecosystem is through referrals. Referrals are rewards that users receive for inviting new users to the platform. Every time a user invites a friend, they receive FTSY tokens into their FANTASY wallet. The received FTSY tokens can be freely sold on exchanges or used inside the platform. Compensation payments are automatically distributed by the smart contract and can be transparently checked by users. Since users are provided with economic rewards by promoting the platform and attracting new users, the marketing effect of the platform can also be expected.

D. FANTASY Commission
FANTASY commissions are intended to incentivize marketplace operators to use the FANTASY platform. In the FANTASY-based marketplace, sellers can promote their product listings through a promotion program and expose them more effectively in search results. Merchandise sellers pay promotional program fees with FTSY tokens. Sellers can set commissions in FTSY tokens when selling products through the promotional program. At this time, the FTSY token is deposited in the escrow of the smart contract. The community connected with the FANTASY platform can decide to promote the product, and when the sale is confirmed, the deposited FTSY tokens are promoted and delivered to the marketplace operator. This allows marketplace operators to promote sellers’ product listings and compete with other marketplaces for sellers to sell as many products as possible..
FANTASY commission is a new advertising and promotion model that is superior to the existing paid marketing (CPC and CPM) models. Advertisers (sellers) pay commissions in FTSY tokens only when a sale is successfully made, not just a click. In the future, FANTASY will allow other types of commission beneficiaries such as bloggers, social media influencers, other affiliates, etc. to receive FTSY commissions for promotions from sellers. Post publishers (developers, bloggers, other affiliates, etc.) receive tokens only when an actual transaction is made. This is a much more efficient attribution model than traditional advertising, which aligns the interests of each stakeholder, such as marketplace operators, buyers and sellers, and other affiliates, to grow the FANTASY ecosystem.

3.3.3. Business Model

FANTASY is a blockchain-based decentralized P2P marketplace that directly connects sellers and buyers. FANTASY is not a centralized platform operated by intermediaries such as Uber, Grab, Airbnb, GoJek, and Amazon, but builds an efficient ecosystem where buyers and sellers around the world can trade directly with each other in the form of P2P. This will allow users to directly trade services and products without the need for intermediaries that exist in traditional markets. From this point of view, FANTASY’s business model is divided into two.

P2P Transaction Fees – Buyers and Sellers
As described above, the buyer and seller use the P2P market and the NFT market, and a transaction fee is incurred whenever a seller registers a product or a buyer purchases a product. At this time, the transaction is made through a smart contract, and a part of the transaction price is paid as a platform fee..

Marketplace Operation Fee – Marketplace Operator
For operators who want to operate a marketplace in FANTASY’s P2P Market, FANTASY supports the creation of a personal market. Marketplace operators can create their own market space to sell products. The FANTASY platform provides the FTSY token ecosystem for the smooth operation of the marketplace, and the marketplace operator pays a fee for market operation..

Advertising Fees – Advertisers
The FANTASY platform collects data of users participating in the FANTASY ecosystem and turns it into big data. Advertisers can use this data to conduct targeted marketing. When an advertiser sets a keyword, the FANTASY platform helps the advertiser to secure new and potential customers of the desired target by exposing the advertisement when it matches the category. In consideration of these characteristics, the initial banner and branding station using images and flash in the form of a banner shown on the initial screen will be the main advertising services, and an offer wall advertisement that customers can specify and participate in will be installed..

FANTASY token issuance plan

A total of 04 Billions FANTASY tokens will be issued. FANTASY tokens will be distributed as follows

6.1. Team

6.2. Advisor

2020 Q1 ~ 2021 Q1   |   Deployment Services

• FANTASY idea and beta-test completed and commercialized
• Team building
• Whitepaper 1.0 ver Release

 

2021 Q2 ~ 2021 Q3   |   Signalling to Start

• White Paper 1.1 Ver Release
• FANTASY Wallet to be released (Korea)
• Completed the release of the official version of the used phone purchase service (Korea)
• Completed the release of the full version of the shopping mall service (Korea)
• Completion of the release of the full version of Offer Wall Advertising Service (Korea)
• Started planning and designing accommodation services (Korea)
• Start of NFT market development (global)
• Seed Round Token Sale

 

2021 Q4   |   Released

• Released the full version Chợ Nổi (O2O service app)
• Accommodation service beta-test version scheduled to be released (Korea, Vietnam)
• Fantasy Art – NFT market released (Global)
• Release FANART – DAO Token of Fantasy Art
• Start Ideation and design for webtoon platform (Korea/Vietnam)

 

2022 Q1   |   FTSY Listing and start new projects

• Listing on LBank
• Release Fantasy Market (US)
• Release “Find the difference” – Offerwall P2E Gamefi (KR/VN)

 

2022 Q2   |  Speed Up

• Start issue Lottery NFT cards
• Start develop Golf to earn Dapp (Global)
• Start Develop Dating dapp (Global)

 

2022 Q3   |  Optimize

• Start develop Golf to earn Dapp (Global)
• Optimize internal services
• Fix bugs, update security
• Operate marketing events
• Investigate for Game-fi

 

2023 Q1   |  Expand

• Launching Webtoon service
• Launching My Data Service (KR)

PLEASE READ THE BELOW CAREFULLY. The information below applies to anyone reading this white paper. Since the FANTASY White Paper (hereinafter “White Paper”) is written and provided at the time of writing (as is), any content contained in the White Paper may be changed or updated at any time at the discretion of the Fantasy Chainlabs, and any content in this White Paper There is no guarantee that it will not change until a future point in time.
If you have any doubts about the contents of this white paper, you should consult with an accountant, lawyer or other professional before purchasing.
1. The purpose of this white paper is to provide summary information and introduction about FANTASY (including the FANTASY platform) being prepared by the Fantasy Chainlabs. This white paper is not legally binding on FANTASY or the Fantasy Chainlabs, and nothing in the white paper is of the nature of subscription, purchase, investment proposal, or compulsion to invest.
2. All information or analysis in this white paper cannot be used as a basis for investment decisions and is not an investment proposal or advice. Any content or data of a forward-looking nature in this white paper is subject to change for any reason, may not be accurate, and there is no guarantee or promise as to the content.
3. The Fantasy Chainlabs, including directors, agents, employees, contractors and sales partners, shall not be liable for any damages of any kind, directly or indirectly, which may arise from the information contained in this document as follows: (1) the applicable white paper the accuracy and completeness of the terms of the contract; (2) errors or omissions in the White Paper; (3) Unable to read the white paper due to unconfirmed causes; (4) Any other damages resulting from the use or non-use of the White Paper.
In addition, the Fantasy Chainlabs is not fully liable for any of the following, which may arise as a result of any decision-making act made using the information contained in this document, even if such damages are foreseeable or foreseeable: (1) profit , revenues, liabilities and any other form of monetary loss; (2) income, sales, capital reductions, debts and other losses incurred in the course of business transactions, business activities or operating profit-related activities; (3) LOSS OR DAMAGE TO DATA; (4) INCIDENTAL OR SPECIAL DAMAGES; (5) wasted or lost administrative time; (6) INDIRECT OR CONSEQUENTIAL DAMAGES
4. The contents of the white paper may change depending on the contents of ongoing FANTASY, changes in the market, technological development, and changes in ICO or token regulations. However, the Fantasy Chainlabs is not obligated to notify or report any changes to the events, platforms, future plans, estimates, or changes within the margin of error specified in this white paper in the future.
5. Please note that the information in this white paper on fields such as law, taxation, regulation, finance, and accounting is not advice. The purchase of FANTASY Tokens may result in material losses to the buyer, including the material assets paid for the purchase of FANTASY Tokens. Prior to purchasing FANTASY tokens, buyers are advised to consult with tax, regulatory, financial and legal experts about potential risks, returns and possible consequences of trading FANTASY tokens.
6. It is entirely the responsibility of the purchaser of FANTASY tokens to determine the legal feasibility of foreign exchange and disposition of income tax and other issues that may arise in relation to the acquisition and disposal of FANTASY tokens within their legal jurisdiction.
7. The publication and distribution of this white paper in countries where publication and distribution of the white paper is prohibited is prohibited. The information in this white paper has not been verified or authorized by any regulatory body, and any action inconsistent with the law has no effect on the Fantasy Chainlabs. The publication and distribution of this white paper does not guarantee that all regulations of the country in which it was issued have been complied with.
8. The official data for FANTASY is this white paper and is written in Korean. This white paper may be translated into other languages and may be used for oral or written communication with prospective buyers and existing buyers, and in the process, some information may be misinterpreted, misinterpreted, or lost. Therefore, please be aware that we cannot guarantee the accuracy of these alternative communications. In the event of such inaccurate communication, the information in this official white paper written in Korean takes precedence.
9. All white paper contents are protected by copyright. Individual sections of the White Paper may be downloaded or printed only for personal use or for other proprietary notices. This White Paper may not be reproduced, in whole or in part, by electronic means or otherwise, modified, linked, or used for public or commercial purposes without the prior written permission of the Fantasy Chainlabs.

Investment Risk
The Fantasy Chainlabs is notifying buyers of various risks, including the risk of incurring a loss equivalent to the purchase price of FANTASY tokens. The accuracy of the information regarding the risks or uncertainties written below is not guaranteed.
Buyers are deemed to be aware of and agree to purchase the FANTASY Tokens at their own risk and without warranties of any kind, as the sale and holding of FANTASY Tokens expressly.

1. Blockchain Risk: Transactions may be processed late or invalidated due to congestion in the blockchain system. In particular, the smart contract responsible for the issuance and distribution of FANTASY tokens is based on a technology called the KLAYTN blockchain. The KLAYTN protocol may have weaknesses and vulnerabilities, and various bugs may occur, including a bug in which the FANTASY token is lost. In addition, these problems of the KLAYTN blockchain may cause material damage to the Fantasy Chainlabs and the FANTASY token buyers.

2. Personal Information Risk: Users’ personal information is necessary for the distribution and control of FANTASY tokens in the FANTASY token purchaser’s electronic wallet. Therefore, if personal information is leaked, the FANTASY tokens in the buyer’s e-wallet may be leaked. Moreover, a third party may steal the FANTASY token by accessing the buyer’s e-wallet due to the leakage of the buyer’s personal information.