Alien Worlds (TLM) - Crypto Asset Statement
PLEASE READ THIS CAREFUL. BY PROCEEDING TO TRANSACT TLM, YOU ACKNOWLEDGE AND ACCEPT THE STATEMENTS SET OUT BELOW.
About this summary
Ndax Canada Inc. (“Ndax”, “we” and “our”) believes that our users should understand the crypto assets that they are able to trade and stake using our crypto trading platform (the “Platform”). One of the crypto assets we offer on the Platform is TLM. We created this summary to help you understand the basics of TLM as well as some of the risks involved in trading in TLM. While we tried to describe the key features of TLM, this summary isn’t meant to tell you everything you’d want to know before investing in TLM. You should also do your own research on TLM to make sure you are comfortable investing in it.
Description of TLM
History of TLM
First announced in 2020, the first phase of the Alien Worlds NFT game included the metaverse design, the technical blueprint, and the release of the basic functionalities of the blockchain game.
All the metaverse mechanics were created, such as the trilium, NFTs, and planets. Staking and sales of NFTs are also available.
What is TLM used for
Once you begin your journey into the unfamiliar lands to extract Trilium, you'll need reliable tools. Also, you may find interesting artifacts along the way that you'd like to purchase. To get any of these, you'll need TLM to use as currency.
In the Alien Worlds Metaverse, players can participate in the governance of the planets. This gives you a say in adjustments that will be made in the years to come. Moreover, there are plenty of rewards you can earn from the metaverse. However, for you to do any of these, you'll need to stake your TLM tokens.
TLM has high usability outside the Alien Worlds Metaverse and can be migrated between Ethereum, Wax, and BSC. This, along with the game's rising popularity, will increase the value of the tokens over time, making it a good investment opportunity.
How TLM works
Trilium is the native utility token for the Alien Worlds Metaverse. The more Trilium players have at their disposal, the greater their ability to execute in-game functions and participate in governance activities via staking.
Alien Worlds Metaverse uses a highly tokenized approach. As such, while exploring, players will also come across a wide range of artifacts in the form of NFTs. Each of these NFTs plays a unique role in the game and can be used for tools, land, and avatars.
Players also require TLM to purchase and upgrade items, participate in quests and battles, and other in-game related activities. Active users may earn TLM as participation rewards to develop the in-game ecosystem and activity. Other in-game items are minted as NFTs, which helps players to mine TLM, engage in battles, and complete in-game quests.
Risks
Before entering into an agreement (a “Crypto Contract”) with Ndax to buy or sell any crypto assets through the Platform, it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.
Gaming adoption risk
Demand for TLM is closely linked to the popularity, ongoing development, and user activity of the Alien Worlds gaming ecosystem. Declining player activity or reduced engagement could negatively affect the utility and demand for TLM.
In-game economy and reward risk
TLM is used and distributed through gaming rewards, mining, missions, staking, and ecosystem governance. Changes to reward rates, game economics, incentive structures, or allocation of TLM within the Alien Worlds ecosystem could increase token supply, alter player incentives, or adversely affect demand for TLM.
Cross-chain operational risk
Alien Worlds and TLM operate across multiple blockchain networks, including WAX, BNB Chain, and Ethereum, and rely on cross-chain infrastructure for certain functionality. Failures, exploits, congestion, or compatibility issues affecting these networks or bridging infrastructure could disrupt TLM functionality or liquidity.
Gaming industry competition risk
Alien Worlds competes with numerous blockchain-based and traditional gaming platforms. Changes in player preferences, technological developments, or increased competition could reduce user activity and demand for TLM.
Like other crypto assets, there are some general risks associated with investing in TLM. We describe many of these general risks in the risk statement we publish on our website that you have already acknowledged, including risks relating to: (i) short history; (ii) volatility in the price of crypto assets and loss of liquidity; (iii) potential decrease in global demand for crypto assets; (iv) The blockchains on which crypto assets operate may temporarily or permanently fork or halt; airdrops; (v) issues with the cryptography underlying the Crypto networks; (vi) custodial wallet systems; (vii) uncertainty in regulation and future financial institution support; (viii) currency risks; (ix) concentration risks; (x) electronic trading and dependence on the internet; (xi) cyber security risks; (xii) inadequate due diligence; (xiii) Ndax’s reliance on vendors and third-party service providers; (xiv) liquidity constraints; (xv) no voting rights; (xvi) lack of investor protection insurance; (xvii) commissions and other charges for trading; (xviii) no advise; (xix) transfers; (xx) beta features; (xxi) unforeseeable risks; and (xxii) conflicts of interest. We also point out a risk that is specific to TLM below. While we tried to describe the key risks associated with TLM here and in our risk statement, these aren’t all of the risks associated with trading in TLM. You should also do your own research on TLM to make sure you are comfortable investing in it.
Conflict of Interest Disclosure
Ndax has assessed potential conflicts of interest associated with the offering, and ongoing availability of TLM through the Platform. As of the date of this statement, Ndax has not identified any actual, material, or reasonably foreseeable conflict of interest that would be expected to impair our ability to act in the best interests of clients or to make fair, objective, and independent decisions regarding TLM. Ndax maintains policies and procedures designed to identify, manage, and address conflicts of interest on an ongoing basis and will update our disclosures if any material conflict is identified in the future. For additional information about the material conflicts of interest identified by us, please refer to our Conflicts of Interest Statement, the latest version of which can be found on our Website.
Regulatory Information
Ndax is a registered investment dealer under securities legislation in all provinces and territories of Canada, and is a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF). Ndax is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Ndax Canada Inc. dated December 19, 2024 (found {here}) and under the terms and conditions imposed by CIRO on Ndax’s membership with CIRO (found {here}). Any fiat currency held in users’ accounts is protected by CIPF’s Investment Dealer Fund in accordance with its Coverage Policy. However, CIPF coverage does not extend to any virtual assets held in users accounts. These assets are not eligible for deposit insurance or any protection from the Canada Deposit Insurance Corporation (CDIC) or CIPF.
Please be aware that the statutory rights of action for damages and the right of rescission in the securities legislation of each province and territory of Canada do not apply in respect of a misrepresentation in this Crypto Asset Statement.
Prior to offering a Crypto Contract on TLM, Ndax assesses whether TLM is a security and/or a derivative under the securities and derivatives laws of Canada. Ndax’s assessment includes a review of the history of TLM (such as how it was created and its governance structure), its characteristics, its market capitalization and any regulatory concern regarding TLM. Based on its assessment, Ndax concluded that TLM is not a security or a derivative. However, there is a risk that this conclusion could change in the future. In that case, Ndax may be required to halt or withdraw TLM from trading on the Platform and stop any future trading of Crypto Contracts based on TLM, and users holding TLM may be required to liquidate their positions, potentially at a significant loss. In this event, users holding positions in TLM will be notified via the Platform or other electronic means and advised of the options available to them and any applicable period to sell or withdraw their positions in TLM.
No Canadian securities regulatory authority has expressed an opinion about TLM, including an opinion that TLM is not itself a security and/or derivative.
Last Updated: August 25, 2026