Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and The Graph (GRT) in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the amended and restated exemptive relief decision dated October 11, 2024. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.

No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available throughCoinsquare’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.

Coinsquare has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.

Gram is the native token of the The Open Network (GRAM) layer-1 blockchain. The Open Network is supported by numerous contributors, the biggest of which is the GRAM Foundation. Originally, GRAM Blockchain was planned to be a project of the popular messaging app, Telegram, but after receiving a court order from the US Securities Exchange Commission (SEC) in 2020, Telegram departed the project. GRAM Blockchain uses a proof-of-stake consensus mechanism and techniques like sharding and segmentation to allow it to process transactions with increased speed and throughput. Gram is offered on various networks, however Coinsquare only supports native GRAM on the GRAM Blockchain.

As with all assets, investing in GRAM is not without some general risks. All of the risks of trading and staking crypto that are identified and explained in our Risk Statement apply to GRAM. In addition to the general risks, we outline some risks that are specific to Gram below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in Gram.

The GRAM Blockchain is in direct competition with other layer-1 networks that have similar features such as Ethereum, Cosmos, Avalanche, Polkadot, and many others. The success of GRAM Blockchain and Gram relies on continuous user adoption and user retention to ensure that GRAM stays among the upper echelon of layer-1 competitors. Potential investors should be aware of GRAM Blockchain’s competition and stay apprised of its positioning in that market.

As of the date on which this Crypto Asset Statement was written, the top “whales”, determined by the amount of GRAM held by any single address is available on Tonscan. The publicly-available data shows that 20 addresses hold approximately 70% of the total supply of GRAM (which was 5.19B GRAM at the time). Potential investors should be aware of the concentration of GRAM among such a small number of addresses and make their own determination on whether they perceive any risk due to that concentration.