Disclosures

Last updated: June 15, 2026.

These disclosures are provided for transparency. They are not legal, tax, financial, or investment advice. Users should review the Boardwalk smart contracts, documentation, and applicable laws before participating.

BMX Token Design

BMX is Boardwalk’s protocol token. It is designed as a fixed-supply consumption and utility token used for launch creation, community signaling, staking eligibility, and limited participation in Boardwalk’s designated fee-direction system.

The BMX token contract is renounced, the minter is burned, and no person or entity — including Boardwalk, any Boardwalk team member, the Operations Reserve, BMX stakers, or any administrator — can mint additional BMX. BMX supply can only decrease over time through burns. BMX is burned when used for certain protocol actions, including token-economy launches, Upvotes, Downvotes, and any vote-directed BMX Buy & Burn activity.

Fee-Direction Weight is a protocol-calculated metric used only within Boardwalk’s designated fee-direction system. Fee-Direction Weight does not represent ownership, general governance power, equity, debt, revenue share, guaranteed yield, or any entitlement to receive protocol fees.

BMX may have no value. BMX markets may be illiquid or volatile. Boardwalk does not guarantee BMX price, liquidity, trading volume, protocol usage, staking outcomes, fee amounts, fee-direction outcomes, burns, or any other economic result.

Current Team Member BMX Ownership

Supply ownership: As of June 15, 2026, 74.92% of BMX supply is held outside current Boardwalk team beneficial ownership. Current Boardwalk team members beneficially own 25.08% of total BMX supply, including 10.47% from team allocations and 14.61% acquired independently.

Staked BMX: Non-team participants control 65.0% of staked BMX. Current Boardwalk team members control 35.0% of staked BMX.

Fee-Direction Weight: Non-team participants control 56.33% of Fee-Direction Weight. Current Boardwalk team members control 43.67% of Fee-Direction Weight.

Token immutability: BMX has no emissions. Contract ownership is renounced. Owner/admin functions, including transfer functions, are permanently disabled and cannot be restored. No additional BMX can be minted, and supply can only decrease through burns.

Fee-direction limits: Fee-Direction Weight is limited to Boardwalk’s designated fee-direction system. BMX is not equity, debt, revenue share, guaranteed yield, or a claim on Boardwalk or the Operations Reserve.

For the purposes of this disclosure, “current Boardwalk team members” means individuals currently providing material services to Boardwalk in a co-founder, core contributor, or similar active operating role. “Beneficial ownership” includes BMX held directly, through wallets, accounts, or entities controlled by a current Boardwalk team member, or BMX over which a current Boardwalk team member has voting or dispositive control. Personally acquired BMX is included in the aggregate figures above. BMX held by the Operations Reserve is excluded.

Percentages are approximate and based on team self-certifications and onchain protocol data as of the snapshot date.

The figures in this section are provided as of the stated date only. They may change over time due to transfers, burns, staking, unstaking, secondary-market purchases or sales, changes in Voter Points, changes in Fee-Direction Weight, and other onchain activity. Unless expressly stated otherwise, these figures are unaudited and are based on good-faith review of known wallets, disclosed team-controlled wallets, and available onchain information.

Boardwalk may update this disclosure periodically, but does not guarantee that the figures shown are current at all times. Users should review onchain data and should not rely on this disclosure as a real-time statement of BMX ownership, staking participation, liquidity, or Fee-Direction Weight. Nothing here is legal, financial, tax, or investment advice, and nothing here is a recommendation to buy, sell, stake, or hold any token.

BMX Rights, Entitlements, and Fee-Direction Limits

Fee-Direction Weight is limited in scope. Fee-Direction Weight is a protocol-calculated metric used only within Boardwalk’s designated fee-direction system. It may determine how an eligible staker’s vote is weighted and, if the Route to BMX Stakers option wins for an applicable epoch, may affect that eligible staker’s pro rata share of the BMX stream for that epoch.

BMX holders and stakers may vote only to direct a designated portion of Boardwalk protocol fees made available to the fee-direction system by the applicable onchain contracts. Fee-Direction Weight does not provide general governance over Boardwalk.

BMX holders and stakers do not own Boardwalk, do not control the Operations Reserve, do not hold equity or debt in any Boardwalk-related entity, and do not have any claim on Boardwalk assets, Operations Reserve assets, protocol treasury assets, or liquidation proceeds.

BMX does not provide holders with any right to dividends, profit distributions, revenue shares, guaranteed yield, guaranteed rewards, redemption rights, repurchase rights, or any entitlement to receive protocol fees. Any BMX or other value received through staking, fee-direction participation, burns, fee routing, or other protocol activity may be low, zero, intermittent, or dependent on protocol usage, market conditions, fee-direction outcomes, contract execution, eligibility, and other risks.

BMX holders and stakers cannot use Fee-Direction Weight to upgrade Boardwalk contracts, mint BMX, mint tokens launched through Boardwalk, recover locked liquidity, change live token-economy fee percentages, change live token-economy vesting schedules, control issuer fee recipients, control the Operations Reserve, or direct the assets of any Boardwalk-related entity.

No person or entity has any obligation to repurchase BMX, support a BMX market, maintain BMX liquidity, stabilize BMX price, or make any market in BMX.

Operations Reserve

The Operations Reserve is separate from BMX holders and BMX stakers. BMX holders and stakers do not own, control, or have any entitlement to the Operations Reserve.

Fees routed to the Operations Reserve are compensation to the applicable builder, operator, or service provider entity for building, supporting, maintaining, or otherwise contributing to Boardwalk. The Operations Reserve may be used for operations, development, audits, infrastructure, legal, security, grants, integrations, ecosystem support, or other Boardwalk-related purposes, in each case as determined by the applicable controlling entity and not by BMX holders.

BMX staking and Fee-Direction Weight do not create any claim on the Operations Reserve.

BMX Token Immutability and Handler Role

Neither Boardwalk nor any administrator can transfer BMX out of a user’s wallet. The BMX token contract includes a legacy handler branch inside transferFrom, but that branch has never been activated on BMX and cannot be activated now.

The branch only executes if msg.sender is an approved handler. On the Base BMX token contract: 0x548f93779fBC992010C07467cBaf329DD5F059B7 

Boardwalk’s onchain history review found no setHandler call, no address that has ever held the handler role, and no active handler today. The isHandler mapping has always been empty based on that review.

The handler role is gated by onlyGov. Governance has been renounced to 0x0000000000000000000000000000000000000000. Because gov is the zero address, no handler can be added in the future.

The handler branch exists only as inherited legacy code. BMX predates Boardwalk; before Boardwalk, BMX was launched using a GMX-forked token contract, and the handler branch came from that inherited contract design.

The branch remained in the verified source code as unused legacy surface area. Code existing in source is not the same as a live permission existing onchain. For BMX, the handler role was never assigned, governance has been renounced, and the handler set is permanently frozen.

Governance history. The BMX governance chain was: deployer EOA → Safe#1 → Timelock → Safe#2 → 0x0000000000000000000000000000000000000000. The transactions below are provided so users and third parties can independently verify the governance path.

Minter history. The minter has been burned, so no one can mint additional BMX. The transactions below record the full minter, mint, and burn history.

The BMX token contract code at this address is immutable, and its privileged token-level permission state is permanently frozen. The inherited handler branch inside transferFrom was never activated, and because governance has been renounced to the zero address, no handler can ever be added. The minter has also been burned, meaning no additional BMX can be minted.

Boardwalk Is Permissionless and Does Not Endorse Launched Tokens

Boardwalk is a permissionless protocol. Tokens launched through Boardwalk are created by independent issuers or users, not approved, sponsored, underwritten, verified, recommended, endorsed, or guaranteed by Boardwalk or any Boardwalk team member solely because they appear on, launch through, or are displayed by Boardwalk.

Any issuer-provided descriptions, videos, links, social posts, fee-recipient labels, vesting information, growth-team information, public-good information, or other launch materials are provided by or on behalf of the applicable issuer, not by Boardwalk, unless expressly stated otherwise.

Boardwalk does not guarantee the accuracy, completeness, legality, quality, safety, value, liquidity, market performance, graduation, continued operation, issuer conduct, or regulatory status of any token launched through Boardwalk.

A token appearing on Boardwalk is not a Boardwalk rating, recommendation, approval, certification, diligence review, underwriting decision, solicitation, or investment opinion. Users are responsible for conducting their own review before participating in any launch, trading any token, providing liquidity, staking, or otherwise interacting with a token economy.

Onchain Protocol and Hosted Interface

Boardwalk’s core protocol runs through permissionless smart contracts. Key protocol actions, including launch creation, auction participation, liquidity seeding, refunds, claims, staking, and fee-related flows, are governed by onchain rules and may be available without use of Boardwalk’s hosted interface.

The hosted Boardwalk interface, documentation, dashboards, token profile pages, discovery features, and Café Boardwalk are supplementary access, information, and community surfaces. They do not change the rules of deployed smart contracts unless expressly stated.

Boardwalk’s hosted interface or related services may restrict access, remove content, moderate user-generated materials, or take other interface-level actions where Boardwalk believes it is necessary or appropriate for legal, security, abuse-prevention, intellectual-property, sanctions, or user-protection reasons. These interface-level actions do not imply control over deployed smart contracts unless expressly stated.

Issuer Responsibility

Issuers are solely responsible for the tokens they launch through Boardwalk and for the accuracy, completeness, legality, and regulatory treatment of their launch materials.

Issuers are responsible for determining whether their token, launch, auction, fee routing, vesting, disclosures, marketing, use of proceeds, or other activities comply with applicable law. Issuers are also responsible for disclosing material information, including token purpose, issuer identity or pseudonymity, use of raised assets, fee recipients, vesting recipients, related-party relationships, conflicts of interest, market-support plans, and any other information necessary for users to evaluate the launch.

Boardwalk does not provide legal, tax, financial, investment, underwriting, broker, dealer, exchange, or compliance advice to issuers or users.

Risk Disclosure

Participation in Boardwalk, BMX, or tokens launched through Boardwalk involves substantial risk. Risks include, but are not limited to:

• total loss of value
• failed launches
• smart-contract bugs or exploits
• volatile or illiquid markets
• thin liquidity
• slippage
• MEV
• failed transactions
• issuer abandonment
• inaccurate or misleading issuer disclosures
• social or community manipulation
• wash trading
• Sybil activity
• Upvote or Downvote manipulation
• regulatory uncertainty
• tax consequences
• bridge, wallet, DEX, router, or third-party integration failures
• chain congestion, reorgs, outages, or forks
• inability to recover lost wallets or private keys

Locked liquidity does not mean price stability, guaranteed liquidity, guaranteed exits, or protection from market risk. Staking does not guarantee rewards. Fee-direction participation does not guarantee any economic outcome.

Market Integrity and Prohibited Conduct

Boardwalk does not permit or endorse fraud, wash trading, spoofing, pump-and-dump activity, market manipulation, sanctions evasion, money laundering, terrorist financing, impersonation, misleading issuer disclosures, intellectual-property infringement, scam launches, or other unlawful or abusive activity involving Boardwalk, BMX, or tokens launched through Boardwalk.

Users may report suspected fraud, impersonation, market manipulation, sanctions issues, IP violations, security issues, or misleading launch materials to: contact@bmx.trade.

Sanctions and Restricted Activity

Users are responsible for complying with sanctions laws, export controls, anti-money-laundering laws, counter-terrorist-financing laws, and other laws that apply to them.

Boardwalk’s hosted interface may restrict access or take other interface-level actions where required or appropriate for legal, sanctions, abuse-prevention, or security reasons. Users may not use Boardwalk’s hosted interface to engage in unlawful activity, evade sanctions, conceal illicit proceeds, or facilitate prohibited transactions.

Third-Party Services

Boardwalk may link to or interoperate with third-party wallets, decentralized exchanges, aggregators, bridges, analytics tools, forums, infrastructure providers, or other services. These services are not controlled by Boardwalk unless expressly stated.

Boardwalk is not responsible for third-party services, liquidity venues, bridge failures, wallet failures, routing errors, slippage, MEV, failed transactions, smart-contract bugs in third-party systems, inaccurate third-party data, or other risks arising outside Boardwalk-controlled systems.

Legal and Regulatory Status

Nothing in these disclosures is a representation that BMX, Boardwalk, or any token launched through Boardwalk has any particular status under securities, commodities, banking, money-transmission, tax, consumer-protection, sanctions, or other laws.

Legal and regulatory treatment may vary by jurisdiction and may change over time. Users and issuers are responsible for complying with laws that apply to them.

Tax Disclaimer

Using Boardwalk, acquiring BMX, burning BMX, staking BMX, voting, receiving BMX, participating in auctions, claiming tokens, receiving refunds, providing liquidity, claiming fees, receiving vesting distributions, swapping tokens, or transferring tokens may have tax consequences.

Boardwalk does not provide tax advice. Users and issuers should consult their own tax advisors.

Forward-Looking Statements

Any statements about future features, integrations, chains, protocol activity, usage, fees, burns, fee-direction outcomes, ecosystem development, or other future matters are forward-looking and subject to change. Boardwalk does not promise that any roadmap item, integration, feature, chain deployment, protocol activity, fee amount, burn amount, fee-direction outcome, or other future outcome will occur.

Updates

Boardwalk may update these disclosures from time to time. Updated disclosures apply as of the date posted unless stated otherwise. Historical versions may be made available for transparency where feasible.