NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER QBAO FOUNDATION LTD. (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE QBAO PLATFORM OR PROJECT IN ANY WAY WHATSOEVER (THE QBAO TEAM) NOR ANY THIRD PARTY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, MATERIALS PRODUCED BY THE FOUNDATION, OR ACCESSING THE WEBSITE AT HTTPS://QBAO.FUND/ OR ANY OTHER MATERIALS PUBLISHED BY THE FOUNDATION. All contributions will be applied towards the Foundation's objects, including without limitation the promotion, design and development of, a decentralised platform which would popularise the usage of blockchain technology in the more traditional Internet fields, enabling users to better experience the functionality of new generation of blockchain technology and various other decentralised applications (DAPP) based on Qtum. This Whitepaper is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where this Whitepaper includes information that has been obtained from third party sources, the Foundation and/or the Qbao team have not independently verified the accuracy or completion of such information. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. The current social networks like WeChat, QQ, Facebook, Twitter, are all based on a centralised database, meaning that all messages sent by people are preserved in the social network owner’s database. Therefore, the social network owners have full control, "God" mode, and can review and filter all messages. However, the Qbao Platform is designed to provide p2p encrypted communication service - all messages sent by users are encrypted, only the receivers can decrypt the contents, and the message can only be preserved by senders and receivers (the message will not be retained in any other third-party system). As a result, privacy and concealment of social contact is ensured.