LockPad
DRAFT — prepared for review by a licensed attorney; not legal advice. Bracketed items [like this] are placeholders or open questions for counsel and the LockPad team.

LockPad Risk Disclosure Statement

Last updated: [Effective Date] · Version 0.5 (draft of October 5, 2026)

This Risk Disclosure Statement is part of the LockPad Terms of Service. It describes important risks of launching, buying, selling or holding memecoins launched through LockPad ("LockPad Coins") and of using LockPad. It is not a complete list of every risk. Read it carefully. If you do not understand or accept these risks, do not use LockPad.

1. You can lose everything

Memecoins are among the riskiest assets that exist. You should expect that you may lose 100% of the money you spend on a memecoin, on a launch fee, or on network fees. Only use money you can afford to lose completely without changing your life.

2. Memecoins have no intrinsic value

LockPad Coins generally have no issuer obligations, no cash flows, no assets behind them, no utility, and no one responsible for their price. Their value, if any, depends only on what other people are willing to pay at a given moment, which can be driven by social media, hype, trends and attention that disappear without warning.

3. Extreme volatility

Prices can rise or fall by 90% or more within minutes. Prices displayed on the website, proof pages or third-party sites may be delayed or inaccurate. Thin liquidity means a single trade can move the price dramatically, and you may receive far less than the displayed price (slippage).

4. "No rug" does not mean "no loss"

LockPad's launch configuration removes specific rug-pull mechanisms: liquidity is locked permanently, mint and freeze authorities are revoked, the coin's name and ticker are fixed forever, the launcher keeps no tokens, and the Creator gets no allocation. These protections do not prevent losses that look and feel like a rug pull but are caused by ordinary market dynamics. For example:

  • Coin info can change; name and ticker cannot. A coin's name and ticker are fixed at launch and can never be changed. Its other coin info (description, logo, banner and links) is not frozen: the wallet that launched the coin can edit it through LockPad at any time, and LockPad may hide links under its moderation rules. Every version is listed publicly in the coin's edit history on LockPad (and pinned to IPFS), so you can see what changed and when. Explorers, wallets and other sites may cache an older version for a while. Don't treat a coin's description, logo or links as permanent or as a promise.
  • LockPad is the "dev," and the dev holds nothing. LockPad deploys every LockPad Coin and is its deployer of record, so explorers, bubble maps and "dev wallet" trackers will show LockPad's launcher as the deployer. That wallet holds zero tokens and has no powers. The Creator who submitted the idea is not the deployer, holds no allocation, and may appear in third-party tools only as the fee recipient (on some protocols, under a "creator" label). "Dev sold" or "dev holdings" signals in third-party tools therefore do not mean what they mean on other launchpads, and they tell you nothing about whether the Creator or anyone else will sell coins bought on the open market.
  • Early buyers and large holders can sell at any time. If a Creator, an early buyer, or anyone else buys a large amount early and sells it later, the price can collapse. The Creator can buy on the open market like anyone else and can sell what they bought.
  • Locked liquidity is not a price floor. Liquidity stays in the pool, but as holders sell, the pool returns other assets to sellers and the coin's price falls. Locked liquidity means the pool cannot be pulled — not that the value of your coins is protected.
  • Demand can vanish. If people stop buying, the price trends toward zero and trading may stop entirely.
  • Bots and snipers. Anti-sniper protections and temporary max-wallet limits are temporary and imperfect. Sophisticated traders and bots may still acquire coins early, front-run or sandwich your trades, and sell into later buyers.
  • Coordinated schemes and fake activity. Groups may promote a coin to sell into the demand they create ("pump and dump"), and volume or holder counts may be faked. We delist a coin if we find the Creator (or people acting with the Creator) faked volume or holders, but we cannot detect all of it, and we cannot stop any on-chain trading.
  • Copycats and impersonation. Anyone can launch a coin with a similar name or image, or one that pretends to be linked to a real person, brand or project. LockPad does not delist coins for impersonation or copycat names, so these coins may stay on LockPad. A coin's name or image tells you nothing about who is behind it. Always verify the contract address on the official proof page.

4A. Delisting

  • Only two grounds. LockPad delists a coin from its website only for phishing links (wallet drainers or fake airdrops) or for fake volume or fake holders created by the Creator or people acting with the Creator (Terms Section 12). Coins are not delisted for anything else, including impersonation, copycat names, offensive memes or a falling price, so a coin being listed on LockPad is not a sign that it is legitimate, safe or endorsed.
  • What delisting does to holders. Delisting removes the coin from LockPad's listings, charts and trade links, which can make it harder to find and may reduce trading and its price. It does not affect your coins, the coin's locked liquidity or its contract on-chain, and LockPad cannot touch them. You can still hold, send or trade the coin through third-party wallets and protocols.
  • Detection is imperfect. Link scanning and on-chain trade analysis can miss phishing links and fake activity, and a link that was safe at launch can turn malicious later. Never connect your wallet to, or sign anything on, a site just because a coin links to it.
  • Creators. If your coin is delisted, the Platform Launch Fee is not refunded, LockPad keeps its 10% platform fee, and LockPad pauses its own tools for claiming your fee share (see the Fee Schedule).

5. Fees reduce your returns

Every trade incurs a trading fee (1.5% of every buy and sell on every LockPad coin; see the Fee Schedule), plus network fees. On Solana, Meteora takes 20% of trading fees (on the bonding curve and after graduation) before LockPad's split, so the split applies to the remaining 1.2% of each trade; on EVM chains LockPad's hook collects the full 1.5% with no protocol cut. Fees are charged whether the price goes up or down.

6. Creator fee income is not guaranteed

Creators receive 75% of the distributable trading fees of regular coins whose idea they submitted (about 0.9% of each trade on Solana, after Meteora keeps 20% of the 1.5% fee; 1.125% on EVM chains), or 25% on reward coins (about 0.3% on Solana, 0.375% on EVM chains, because holders receive 50%), only if people trade the coin. The share is paid to the Payout Address the Creator entered at checkout; if that address is wrong, on the wrong chain, unsupported (for example, an exchange deposit address) or lost, the fees are lost permanently and cannot be recovered by LockPad. Volume may be zero. The Platform Launch Fee is non-refundable once a launch succeeds, even if the coin never trades. Fee income may be taxable.

7. $LOCKY and $LOCKPAD

  • They don't exist yet. The $LOCKY and $LOCKPAD tokens do not exist as of the date of this Statement. LockPad plans to create both and launch them together after a few days of social-media announcements, but either may launch later or never.
  • No team allocation. There is no team, founder or insider allocation of either token. LockPad, its founder and its team receive no tokens from the launch, and both follow the same no-rug launch rules as every LockPad coin (locked liquidity, revoked authorities, fixed name and ticker, launcher keeps zero tokens). That does not protect you from losses: early buyers, including anyone who buys in the first seconds, can sell at any time (Section 4).
  • LockPad receives their trading fees. Because LockPad creates these tokens, their trading fees go to LockPad: for $LOCKY, 80% to buyback-and-burn of $LOCKY and 20% to LockPad as a platform fee for future marketing and projects; for $LOCKPAD, 80% to buyback-and-burn of $LOCKPAD and 20% to LockPad as a platform fee. LockPad therefore has a financial interest in trading activity in these tokens.
  • Buybacks are not price support. Buyback-and-burn is a fee-routing mechanism; it is not a promise of any price, value, return or support, and the amounts involved may be small or zero. Burns depend on trading volume in these tokens and in other LockPad coins, which may be low or zero.
  • Fakes and copycats. Expect fake $LOCKY and $LOCKPAD tokens, especially during the announcement period. The only genuine contract addresses will be published on officiallockpad.com and @OfficialLockPad.
  • No recommendation. Nothing LockPad says, including announcements, is a recommendation to acquire either token.

8. Technology risks

  • Smart contracts and programs (LockPad's and third parties', including Meteora, Uniswap and PancakeSwap) may contain bugs or be exploited, potentially causing total loss. LockPad's contracts and launch program have not been independently audited.
  • Blockchains may halt, congest, fork, reorganize or change fees. Transactions may fail, be delayed or be reordered.
  • Third-party protocols may change fees, interfaces or rules, be upgraded by their operators, or stop working. LockPad does not control them.
  • Wallets and keys. If you lose your seed phrase or it is stolen, your assets are gone. Phishing sites, fake support accounts and malicious tokens are common. LockPad will never ask for your seed phrase.
  • Website availability. The website or proof pages may go down, be taken offline, or stop operating. Your coins remain on-chain, but you may need other tools to interact with them.

9. Irreversibility

Blockchain transactions cannot be reversed. If you send funds to the wrong address, buy the wrong coin, or are scammed, LockPad cannot recover your funds.

10. Regulatory risk

The legal status of memecoins, launchpads, trading fees, buyback-and-burn mechanisms and platform tokens is uncertain and changing in the United States and worldwide. Regulators or courts could treat some digital assets or activities as securities, commodities, money transmission or otherwise regulated activity. New laws or enforcement could restrict or prohibit LockPad, cause it to block users or regions, change its policies (including its Delisting Policy), or shut down, and could make trading LockPad Coins difficult or impossible in your jurisdiction. You are responsible for complying with the laws that apply to you.

11. Tax risk

Buying, selling, swapping, receiving fees, and launching coins may create taxable events. Tax treatment is complex, varies by jurisdiction, and may change. LockPad does not provide tax advice or tax forms [LAWYER TO CONFIRM any information-reporting obligations]. Consult a tax professional.

12. Information risk

Nothing on LockPad, its proof pages, social channels, or from Locky (our AI chatbot, which can make mistakes) is investment advice. Social media posts about coins, including by Creators, may be false or paid promotions. Do your own research.

13. Acknowledgment

By using LockPad, you confirm that you have read and understood this Risk Disclosure Statement, that you are solely responsible for your decisions, and that you accept these risks.