Moo Deng (MOODENG) Crypto Asset Statement

PLEASE READ THIS CAREFULLY. BY PROCEEDING TO TRANSACT IN MOODENG, 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 MOODENG. We created this summary to help you understand the basics of MOODENG as well as some of the risks involved in trading in MOODENG. While we tried to describe the key features of MOODENG, this summary isn’t meant to tell you everything you’d want to know before investing in MOODENG. You should also do your own research on MOODENG to make sure you are comfortable investing in it.

Description of MOODENG

History of MOODENG

Launched in September 2024 on Solana, MOODENG was inspired by a viral baby pygmy hippo named “Moo Deng” at Thailand’s Khao Kheow zoo. The token began with a fixed max supply of 420.69 billion; no premine or VC sale occurred, and liquidity was added via a public fair-launch on Raydium.

What is MOODENG used for

Primarily a community meme asset, MOODENG functions as a medium of exchange within its social-media ecosystem and for donations to wildlife charities partnered with the project team. Some NFT drops and play-to-earn mini-games also accept MOODENG for in-game perks.

How MOODENG works

Moo Deng is a Solana SPL-20 meme-token that launched through Pump.fun, a “fair-launch” minting platform where 100% of tokens are created in a single transaction and deposited into an on-chain liquidity pool that anyone can trade against immediately . The launch mechanic locks liquidity for a minimum period and burns the programme-derived admin keys, preventing the creators from minting additional supply or altering the token configuration after deployment. Ownership therefore passes entirely to the community: price discovery happens in the open market, while token utility emerges organically via social media campaigns, tip bots or later integrations with Solana DeFi protocols. Because Moo Deng is a plain SPL token—no reflections, burns or rebasing. The contract has no callable functions beyond the standard transfer and approve methods, eliminating most smart-contract attack surfaces; risk instead centres on market volatility, wallet security and the concentration of holdings among early buyers who could supply-shock the pool by selling into thin liquidity. As with other Pump.fun launches, governance is informal (Discord/Twitter polls), and future upgrades would require holders to migrate voluntarily to a new contract, preserving the ethos of irreversibility that defines Solana’s meme-coin culture.

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.

Like other crypto assets, there are some general risks associated with investing in MOODENG. Each of these risks are described in more detail in the Risk Statement provided to you at the time that you open your account with us and is also available online on the Ndax website and app. You should review the Risk Statement.

Specific risks associated with Moo Deng may include the inherent volatility common to meme coins, as its market price is highly susceptible to speculative hype cycles and rapid shifts in investor sentiment; technical risks related to its operation on the Solana blockchain, where network outages or performance issues could adversely affect transaction processing and token stability; and uncertainties regarding its long-term utility, as the community-driven nature of the project means that sustained adoption and market liquidity are not guaranteed. Additionally, the low barriers to entry for creating meme coins may lead to increased competition and dilution of market interest, further impacting Moo Deng’s stability and value.

Other specific risks include:

• Speculative memecoin: Moo Deng has no intrinsic utility beyond community sentiment; price may fluctuate violently or collapse if interest wanes. 
• Low Liquidity & Concentration: Top wallets hold a sizable share of supply; coordinated selling could trigger sharp declines. 
• Brand & IP dependency: The token’s identity is tied to a living animal; negative publicity or trademark claims could impair community cohesion.

While we have tried to describe the key risks associated with MOODENG here and in our Risk Statement, we emphasize that this Crypto Asset Statement is not exhaustive of all of the risks associated with trading in MOODENG. You should also do your own research on MOODENG to make sure you are comfortable investing in such a crypto asset.

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 accordance with the terms of the Decision Document dated December 19, 2024 that we entered into with the Canadian securities regulators.  Any fiat currency held in user's accounts are protected by the CIPF's Investment Dealer Fund in accordance with its Coverage Policy. However, CIPF coverage does not extend to any virtual assets held in user's accounts. These assets are not eligible for deposit insurance or any protection from the Canada Deposit Insurance Corporation (CDIC) or CIPF.

The statutory rights of action for damages and the right of rescission in the securities legislation of each province and territory of Canada would not apply in respect of a misrepresentation in this Crypto Asset Statement.

Prior to offering a Crypto Contract on MOODENG, Ndax assesses whether MOODENG 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 MOODENG (such as how it was created and its governance structure), its characteristics, its market capitalization and any regulatory concern regarding MOODENG. Based on its assessment, Ndax concluded that MOODENG 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 MOODENG from trading on the Platform and stop any future trading of Crypto Contracts based on MOODENG, and users holding MOODENG may be required to liquidate their positions, potentially at a significant loss. In this event, users holding positions in MOODENG 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 MOODENG.

No Canadian securities regulatory authority has expressed an opinion about MOODENG, including an opinion that MOODENG is not itself a security and/or derivative.

Last Updated: 6/6/2025