$SUP White Paper
White Paper in accordance with REGULATION (EU) 2023/1114 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937.
No | FIELD | CONTENT |
00 | Table of Contents | Part A - Information about the offeror or the person seeking admission to trading 6 Part D - Information about the crypto-asset project 10 Part E - Information about the offer to the public of crypto-assets or their admission to trading 13 Part F - Information about the crypto-assets 17 Part G - Information on the rights and obligations attached to the crypto-assets 20 Part H - Information on the underlying technology 23 Part I - Information on the risks 25 |
01 | Date of notification | 2026-05-20 |
02 | Statement in accordance with Article 6(3) MiCAR | This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper. |
03 | Compliance statement in accordance with Article 6(6) MiCAR | This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import. |
04 | Statement in accordance with Article 6(5)(a)(b)(c) MiCAR | The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid. |
05 | Statement in accordance with Article 6(5)(d) MiCAR | Where the crypto-asset referred to in this crypto-asset white paper is used as a utility token, it may not be exchangeable against the goods or services described in this crypto-asset white paper, especially in the case of a failure or discontinuation of the crypto-asset project. |
06 | Statement in accordance with Article 6(5)(e)(f) MiCAR | The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council. |
SUMMARY
No | FIELD | CONTENT |
07 | Warning under Article 6(7) second subparagraph | Warning. This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law. |
08 | Characteristics of the crypto-asset | $SUP is the native platform token of Superp, an on-chain perpetual DEX. It is issued as a BEP-20 token on BNB Chain and an ERC-20 token on Ethereum. $SUP provides trading access, fee discounts, staking and yield farming rewards, and governance rights (planned) within the Superp ecosystem. Holding $SUP does not grant any equity, profit-sharing, dividend, debt, or redemption rights, nor does it represent any ownership interest in Superp Foundation or its affiliates. Apart from standard blockchain network transaction fees required to transfer the token, no additional obligations arise for purchasers. The token is freely transferable. Total supply is fixed at 1,000,000,000 $SUP. |
09 | Information about goods or services to which utility tokens give access | $SUP provides access to: TRS (Meme Perps) for long/short exposure to newly listed tokens; PSC (NoLiquidation Perps) for fixed-fee exposure with up to 10,000x leverage and no liquidation risk; Alpha Perps for leveraged trading on Binance-listed alpha tokens; fee discounts upon staking; protocol rewards and yield farming incentives; and on-chain governance voting on protocol parameters (planned). |
10 | Key information about the offer to the public or admission to trading | No public offer of $SUP is being made. Admission to trading is sought to enable secondary market access for $SUP holders within the European Economic Area. The total number of $SUP tokens is fixed at 1,000,000,000. The token is currently listed on Binance Alpha, Kraken, Coinbase, KuCoin, Bitget, MEXC, PancakeSwap, and Uniswap. As of the date of this document, $SUP has not been admitted to trading on any MiCA-regulated CASP established in the European Union. |
Part A - Information about the offeror or the person seeking admission to trading
No | FIELD | CONTENT |
A.1 | Name | Superp Foundation |
A.2 | Legal form | Foundation |
A.3 | Registered address | 4th Floor, Harbour Place, 103 South Church Street, George Town, Grand Cayman, KY1-1002, Cayman Islands |
A.4 | Head office | 4th Floor, Harbour Place, 103 South Church Street, George Town, Grand Cayman, KY1-1002, Cayman Islands |
A.5 | Registration date | 2025-07-02 |
A.6 | Legal entity identifier | HS-423241 |
A.7 | Another identifier required pursuant to applicable national law | N/A |
A.8 | Contact telephone number | +8613758667174 |
A.9 | E-mail address | michael@superp.xyz (primary); jon@superp.xyz (secondary) |
A.10 | Response time (Days) | Under normal circumstances, inquiries are answered within 14 days. Complaints are acknowledged within the same period, with the aim of resolving them within 60 days. |
A.11 | Parent company | Super Foundation |
A.12 | Members of the management body | Jonathan Heung — Co-Founder & CEO; Patrick Dong — Co-Founder & CPO; Michael Cameron — Co-Founder & CMO; Osel Zhang — CTO. Business address: 4th Floor, Harbour Place, 103 South Church Street, George Town, Grand Cayman, KY1-1002, Cayman Islands. |
A.13 | Business activity | Superp is an on-chain perpetual DEX offering leveraged trading products with up to 10,000x leverage and no liquidation on select products. Core products include NoLiquidation Perp (PSC), Meme Perp (TRS), and Alpha Perp. Revenues are generated through protocol-level trading and transaction fees. |
A.14 | Parent company business activity | |
A.15 | Newly established | true |
A.16 | Financial condition for the past three years | N/A |
A.17 | Financial condition since registration | Superp has been in active development since Q2 2023. The foundation has raised capital across five funding rounds.
Current cash position: USD 3.23M. Debt position: USD 0. Monthly profitability: approximately USD 112K. Monthly burn rate: approximately USD 50K. |
Part B - Information about the issuer, if different from the offeror or person seeking admission to trading
No | FIELD | CONTENT |
B.1 | Issuer different from offeror or person seeking admission to trading | false |
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
Part C is not applicable, because the person seeking admission to trading has drawn up the white paper.
Part D - Information about the crypto-asset project
No | FIELD | CONTENT | ||||||||||||||||
D.1 | Crypto-asset project name | Superp | ||||||||||||||||
D.2 | Crypto-assets name | $SUP | ||||||||||||||||
D.3 | Abbreviation | SUP | ||||||||||||||||
D.4 | Crypto-asset project description | Superp (formerly Vanilla Finance) is an on-chain trading infrastructure that enables leveraged perpetual trading. The platform offers three flagship products: NoLiquidation Perp (PSC) for high-leverage trading without forced liquidation, Meme Perp (TRS) for shorting meme tokens within seconds of launch, and Alpha Perp for Binance-listed alpha tokens. $SUP is the native token powering the ecosystem, providing trading access, fee discounts, staking rewards, and governance rights. | ||||||||||||||||
D.5 | Details of all natural or legal persons involved in the implementation of the crypto-asset project |
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D.6 | Utility Token Classification | true | ||||||||||||||||
D.7 | Key Features of Goods/Services for Utility Token Projects | Superp operates an on-chain perpetual trading platform offering leveraged exposure to tokens without forced liquidation on select products. Core features include: (i) TRS (Meme Perps), enabling long/short exposure to newly listed tokens via Total Return Swap within seconds of launch; (ii) PSC (NoLiquidation Perps), providing fixed-fee exposure to potential profits of an underlying asset over a predefined period, with up to 10,000x leverage and no liquidation risk; and (iii) Alpha Perps, specifically designed for leveraged trading on Binance-listed alpha tokens. $SUP is the native utility token providing access to these products. Token holders who stake $SUP benefit from reduced protocol fees, earn protocol rewards and yield farming incentives through active participation in staking contracts. On-chain governance voting on protocol parameters such as product settings, listing priorities, fee structures, and reward allocations is planned for Q4 2026 and is not yet operational. Until governance is live, protocol decisions are made by the Superp core development team. | ||||||||||||||||
D.8 | Plans for the token | Superp has achieved several key milestones to date. In 2023, the project began development under the name Vanilla Finance, scaling the team to 20 members. The team launched the NoLiquidation MVP and closed an Equity Round led by UOB Ventures and ABCDE Labs. The platform achieved over USD 3 billion in trading volume during this period. In 2024, Superp achieved USD 1 billion in volume and 70,000 on-chain users within 30 days on Scroll and Bitlayer. The project closed a Pre-Seed Round led by Paper Ventures and HTX Ventures, was selected for Binance MVB Season 8 and the CoinMarketCap Accelerator, and launched a MiniApp on Telegram. By the end of the year, the platform had achieved USD 10 billion in volume and 3 million users within 30 days on Telegram. In 2025, the project closed a Seed Round led by Pluto Studios and Sei Network, launched on BNB Chain, and rebranded from Vanilla Finance to Superp. The team closed an Extended Seed Round led by UOB Ventures and Booker Group, and launched Alpha Perp and Meme Perp for limited beta testing. $SUP was listed on Binance Alpha, KuCoin, Bitget, and MEXC. The platform achieved USD 37 billion in cumulative volume and 6 million total users, and was listed on Coinbase. In 2026, $SUP was listed on Kraken US. Looking ahead, Superp plans to integrate with Solana, launch a crypto-stock leveraged product and standard perpetual products, upgrade risk management for crypto-stock assets, introduce Trade-to-Earn incentives with $SUP rebates, launch liquidity mining campaigns, and deploy a governance layer with DAO-level control. | ||||||||||||||||
D.9 | Resource allocation | Superp currently maintains a team of 12 full-time members. Capital deployed to date amounts to USD 520,000. An independent smart contract audit has been completed by PeckShield. | ||||||||||||||||
D.10 | Planned use of collected funds or crypto-assets | N/A |
Part E - Information about the offer to the public of crypto-assets or their admission to trading
No | FIELD | CONTENT |
E.1 | Public offering or admission to trading | ATTR |
E.2 | Reasons for public offer or admission to trading | Admission to trading on EU-regulated virtual asset trading platforms to enable secondary market access for $SUP holders within the European Economic Area. No funds or crypto-assets are being raised. |
E.3 | Fundraising target | |
E.4 | Minimum subscription goals | |
E.5 | Maximum subscription goals | |
E.6 | Oversubscription acceptance | |
E.7 | Oversubscription allocation | |
E.8 | Issue price | |
E.9 | Official currency or crypto-asset determining the issue price | |
E.10 | Subscription fee | |
E.11 | Offer price determination method | |
E.12 | Total number of offered / traded crypto-assets | 1,000,000,000 $SUP (fixed total supply). |
E.13 | Targeted holders | ALL |
E.14 | Holder restrictions | There are no specific restrictions imposed by the issuer on the holding or transfer of the crypto-asset as such. However, access to the crypto-asset may be subject to restrictions at the level of the relevant crypto-asset service provider. (a) Restricted jurisdictions (b) KYC/AML requirements (c) Restrictions relating to U.S. persons |
E.15 | Reimbursement notice | |
E.16 | Refund mechanism | |
E.17 | Refund timeline | |
E.18 | Offer phases | |
E.19 | Early purchase discount | |
E.20 | Time-limited offer | |
E.21 | Subscription period – beginning | |
E.22 | Subscription period – end | |
E.23 | Safeguarding arrangements for offered funds / crypto-assets | |
E.24 | Payment methods for crypto-asset purchase | |
E.25 | Value transfer methods for reimbursement | |
E.26 | Right of withdrawal | |
E.27 | Transfer of purchased crypto-assets | |
E.28 | Transfer time schedule | |
E.29 | Purchaser technical requirements | A compatible electronic wallet capable of holding tokens on BEP-20 (BNB Chain) and/or ERC-20 (Ethereum). Where the crypto-asset is accessed through a crypto-asset service provider, technical aspects of custody and transaction execution are managed by the service provider. No additional technical requirements are imposed by the issuer. |
E.30 | CASP name | Payward Global Solutions Limited (Kraken) |
E.31 | CASP identifier (LEI) | 9845003D98SCC2851458 |
E.32 | Placement form | N/A |
E.33 | Trading platforms name | Payward Global Solutions Limited (Kraken) |
E.34 | Trading platforms (MIC code) | PGSL |
E.35 | Trading platforms access | Access to centralised trading platforms generally requires user registration and completion of KYC/AML procedures. Decentralised platforms typically allow trading via self-custody wallets without formal registration. |
E.36 | Involved costs | Investors may incur trading fees, withdrawal fees, and other applicable charges depending on the platform used. Such fees are determined by the respective platform. In the case of decentralised platforms, users may also incur blockchain network (gas) fees. Neither the issuer nor the foundation imposes any trading fees. |
E.37 | Offer expenses | N/A |
E.38 | Conflicts of interest | The foundation is not aware of any material conflicts of interest between the parties involved in the admission to trading. No members of the core team, advisors, or investors hold decision-making positions within the trading platforms on which the crypto-asset is listed. Standard commercial arrangements with trading platforms are conducted on an arm’s length basis. Certain advisors, early contributors, or service providers may hold tokens subject to customary vesting schedules. |
E.39 | Applicable law | N/A as this crypto-asset white paper concerns admission to trading only and not an offer to the public The admission to trading of the crypto-asset is conducted by independent third-party trading platforms operating in various jurisdictions. As such, the governing law applicable to the trading of the crypto-asset depends on the terms and conditions of the specific platform through which the user accesses the market. For centralised trading platforms, the applicable law is generally determined by the contractual framework between the user and the relevant platform entity, which may vary depending on the jurisdiction of operation of that entity. For decentralised trading platforms, transactions are executed via smart contracts on public blockchains, and no single governing law may apply; users are subject to the laws applicable to them based on their place of residence or activity. The foundation does not determine the applicable governing law for such transactions. |
E.40 | Competent court | Any disputes arising in connection with trading activities are subject to the dispute resolution mechanisms specified by the relevant trading platform, including the competent courts or arbitration bodies designated in their terms of service. In the case of decentralised platforms, dispute resolution mechanisms may be limited or unavailable, and users may need to rely on applicable national courts depending on the circumstances. |
Part F - Information about the crypto-assets
No | FIELD | CONTENT |
F.1 | Crypto-asset type | Utility token (BEP-20 on BNB Chain; ERC-20 on Ethereum) |
F.2 | Crypto-asset functionality | The $SUP token is the native utility token used within the Superp ecosystem to access and use designated platform functionalities. Functions include: access to advanced trading products (TRS, PSC, Alpha Perps), higher leverage tiers and special product access, fee discounts upon staking, staking and yield farming rewards through active on-chain participation, and on-chain governance voting on protocol parameters. The token is freely transferable and does not grant any equity, ownership, profit-share, redemption or governance rights over the issuer entity. |
F.3 | Planned application of functionalities | Trading utility, fee discounts, and staking features are currently live. Governance functionality is planned for Q4 2026, subject to smart contract audit completion and protocol stability milestones.The scope and timing of these functionalities remain subject to technical implementation, regulatory requirements and updates to the Superp platform terms, and do not create guaranteed or fixed contractual rights for token holders beyond those described elsewhere in this white paper. |
A description of the characteristics of the crypto-asset, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article | ||
F.5 | Type of submission | NEWT |
F.6 | Crypto-asset characteristics | The token is issued as a BEP-20 token on BNB Chain and ERC-20 token on Ethereum. It is fully fungible, freely transferable, and stored in compatible wallets. Total supply is fixed at 1,000,000,000 $SUP. There is no automated supply-adjustment mechanism, no rebase or elastic supply model, and no redemption rights. |
F.7 | Commercial name or trading name | Superp Foundation |
F.8 | Website of the issuer | |
F.9 | Starting date of offer to the public or admission to trading | to be determined |
F.10 | Publication date | 2026-05-25 |
F.11 | Any other services provided by the issuer | N/A |
F.12 | Language or languages of the crypto-asset white paper | EN |
F.13 | Digital token identifier code (DTI) | 8VNBZ7XFK |
F.14 | Functionally fungible group DTI | PTTNT10VG |
F.15 | Voluntary data flag | false |
F.16 | Personal data flag | false |
F.17 | LEI eligibility | false |
F.18 | Home Member State | IE |
F.19 | Host Member States | |
Part G - Information on the rights and obligations attached to the crypto-assets
No | FIELD | CONTENT |
G.1 | Purchaser rights and obligations | $SUP is a utility token. It does not confer any equity, profit-sharing, dividend, debt, or redemption rights, nor does it represent any ownership interest in Superp Foundation or its affiliates. Purchasers have the following utility rights: trading access to advanced products (TRS, PSC, Alpha Perps) and higher leverage tiers upon connecting a compatible wallet; fee discounts upon active staking; staking and yield farming rewards through active on-chain participation in staking contracts or LP pools; and governance voting rights (planned, not yet live) on protocol decisions. Purchasers have no material obligations beyond standard on-chain interaction requirements. $SUP is freely transferable. No additional eligibility criteria, geographic restrictions, expiry dates, or usage limits are currently specified. |
G.2 | Exercise of rights and obligations | Platform-related utility is exercised directly on the Superp platform at https://www.superp.xyz by connecting a compatible wallet (BEP-20/ERC-20). The system verifies token balance and staking status to unlock applicable features such as trading access, fee discounts, yield farming, and governance participation. No monetary or asset redemption is offered. |
G.3 | Conditions for modifications of rights and obligations | Changes to protocol parameters, fee structures, reward mechanisms, and other functional aspects may be proposed and implemented through on-chain governance processes. Governance proposals are subject to quorum and approval thresholds as defined in the governance framework. Proposed changes are communicated in advance through publicly accessible channels. The core team does not generally implement changes unilaterally where such changes fall within the scope of governance. Limited unilateral actions may be taken in exceptional circumstances (e.g., security, technical maintenance, or compliance reasons) and are expected to be disclosed to the community. |
G.4 | Future public offers | No additional token offerings are currently planned. Total supply is fixed at 1,000,000,000 $SUP. |
G.5 | Issuer retained crypto-assets | Tokens retained by the foundation include allocations for: Team (10%), Advisors (3.35%), Investors (16.65%) Ecosystem (19%), Marketing (6%), Community Reserve (35%), and Liquidity (5%), TGE airdrop (5%) all subject to vesting schedules as described in the token documentation. |
G.6 | Utility token classification | true |
G.7 | Key features of goods/services of utility tokens | Utility consists of: access to TRS (Meme Perps) for long/short exposure to newly listed tokens; PSC (NoLiquidation Perps) for fixed-fee leveraged exposure with up to 10,000x leverage; Alpha Perps for leveraged trading on Binance-listed alpha tokens; fee discounts upon staking; protocol rewards and yield farming incentives; and on-chain governance voting on protocol parameters. Utility relates solely to the Superp platform and does not include financial claims. |
G.8 | Utility tokens redemption | Holders access utility directly within the Superp platform. Users connect a compatible wallet to the platform. The system verifies token balance and staking status to unlock applicable features. There is no monetary or asset redemption, and tokens cannot be redeemed for cash or other assets. Utility is consumed through on-platform use. |
G.9 | Non-trading request | true |
G.10 | Crypto-assets purchase or sale modalities | $SUP is listed on multiple exchanges including Binance Alpha, Kraken, Coinbase, KuCoin, Bitget, MEXC, PancakeSwap, and Uniswap. All trading takes place on the secondary market. |
G.11 | Crypto-assets transfer restrictions | Certain allocation buckets (including team, advisors, investors, community reserve, marketing, and ecosystem allocations) are subject to vesting schedules as defined in the token documentation. (a) Vesting schedules Vesting arrangements for the relevant allocation buckets may include a combination of cliff periods, linear or staged vesting over time, and periodic unlocks. The specific parameters (including duration and unlock frequency) vary by allocation category and are designed to promote long-term alignment of incentives. Tokens that have not yet vested are subject to transfer restrictions. Once vested and unlocked, tokens are generally freely transferable on-chain, subject to applicable laws and platform-level restrictions. (b) Jurisdictional restrictions on transfers The issuer does not impose technical restrictions on the transferability of vested tokens at the protocol level. However, transfers and trading may be subject to restrictions at the level of crypto-asset service providers (including trading platforms), depending on applicable laws, regulations, and internal compliance policies in relevant jurisdictions. |
G.12 | Supply adjustment protocols | false |
G.13 | Supply adjustment mechanisms | $SUP has a fixed total supply of 1,000,000,000 tokens. There is no automated buy-and-burn mechanism, no rebase or elastic supply model. The supply does not increase or decrease automatically based on demand. |
G.14 | Token value protection schemes | false |
G.15 | Token value protection schemes description | N/A |
G.16 | Compensation schemes | false |
G.17 | Compensation schemes description | N/A |
G.18 | Applicable law | This crypto-asset white paper is prepared and notified pursuant to Regulation (EU) 2023/1114. The rights and obligations arising from the token, to the extent governed by any law, are subject to the laws of the Cayman Islands as the jurisdiction of incorporation of the issuer. The notification and related obligations under MiCAR are subject to Irish law and the supervision of the Central Bank of Ireland as home Member State competent authority. |
G.19 | Competent court | Any regulatory enforcement or supervisory action under MiCAR falls within the jurisdiction of the Central Bank of Ireland. Disputes arising under the token's smart contract infrastructure are subject to the courts of the Cayman Islands. Disputes with trading platforms are governed by those platforms' own terms of service. |
Part H - Information on the underlying technology
No | FIELD | CONTENT |
H.1 | Distributed ledger technology (DLT) | BNB Chain (BEP-20 standard) and Ethereum (ERC-20 standard). Both are public distributed ledger technologies. |
H.2 | Protocols and technical standards | BEP-20 token standard on BNB Chain; ERC-20 token standard on Ethereum. The Superp platform primarily operates through smart contracts deployed on BNB Chain. |
H.3 | Technology used | $SUP is issued as a BEP-20 token on BNB Chain and an ERC-20 token on Ethereum. On-chain interactions include token transfers, staking, and yield farming. Governance voting is planned for Q4 2026. No proprietary ledger is maintained by the issuer. |
H.4 | Consensus mechanism | BNB Chain uses Proof of Staked Authority (PoSA). Ethereum uses Proof of Stake (PoS). Both consensus mechanisms provide transaction finality through validator-based consensus. |
H.5 | Incentive mechanisms and applicable fees | Transactions on the underlying blockchain networks are subject to standard network (gas) fees paid to validators. Within the Superp ecosystem, users may incur protocol-level fees (including trading or transaction-related fees). Validators are incentivised through native network reward mechanisms. Additional incentive mechanisms within Superp include staking rewards and yield-based incentives distributed to participants in designated smart contracts. |
H.6 | Use of distributed ledger technology operated by issuer/offeror/third party | false |
H.7 | DLT functionality description | N/A |
H.8 | Audit | true |
H.9 | Audit outcome | Independent smart contract audits have been completed across all core products. NoLiquidation Perp was audited by PeckShield, covering vault and order management contracts; identified issues were confirmed and addressed. Meme Perp and Alpha Perp were audited by Salus Security, covering leveraged trading, staking, and liquidity contracts on BNB Smart Chain. A separate token contract audit was completed in July 2025. Full audit reports are available at https://www.superp.xyz/docs/audit.pdf. |
Part I - Information on the risks
No | FIELD | CONTENT |
I.1 | Offer-related risks | Market and Liquidity Risk The value of $SUP tokens may be highly volatile and may fluctuate significantly due to market conditions, trading volume, and broader cryptocurrency market sentiment. There is no guarantee of liquidity on any exchange, and purchasers may not be able to sell their tokens at a desired price or time. Regulatory Risk The regulatory treatment of utility tokens and decentralised finance protocols remains evolving and uncertain across jurisdictions. Changes in applicable laws or regulations may adversely affect the ability to hold, transfer, or use $SUP tokens, or may require modifications to the Superp protocol. Technology and Smart Contract Risk The Superp protocol operates on blockchain infrastructure and is subject to risks inherent in smart contract technology, including coding vulnerabilities, exploits, and unforeseen interactions with third-party protocols. Although smart contract audits may be conducted, they do not guarantee the absence of vulnerabilities. Protocol and Governance Risk As governance functionality is not yet live, protocol decisions are currently made without full decentralised community input. Once governance is launched, outcomes of on-chain votes may not align with all token holders' interests, and governance mechanisms may be subject to low participation or coordination failures. Utility Risk $SUP tokens derive their value solely from their utility within the Superp ecosystem. If the platform fails to attract sufficient users, or if planned features such as governance are delayed or not implemented, the utility and perceived value of the token may be reduced. Operational Risk The Superp team may face operational challenges including technical failures, key personnel changes, or inability to execute on the planned roadmap, any of which could adversely affect the protocol and the value of $SUP tokens. No Rights or Recourse $SUP tokens do not confer equity, profit-sharing, or redemption rights. Purchasers have no contractual claim against Superp or its affiliates and bear the full risk of loss of their investment. |
I.2 | Issuer-related risks | N/A |
I.3 | Crypto-assets-related risks | Market and Liquidity Risk $SUP may experience significant market volatility and limited liquidity, which could affect its trading performance. As with other digital assets, the token's value may fluctuate substantially and could, in extreme cases, fall to zero. Smart Contract Risk Although independent audits have been completed by PeckShield and Salus Security, and all identified issues were resolved or mitigated, smart contracts may contain undiscovered vulnerabilities that could result in loss of funds. Regulatory Risk Changes in laws or regulatory classifications may influence the trading, transfer, or use of $SUP tokens across jurisdictions. Governance and Concentration Risk Governance and token allocation remain concentrated within a limited group (Team, Investors, Advisors), which may lead to increased operational or decision-making risk. Infrastructure Dependency Risk $SUP operates on BNB Chain and Ethereum. Any disruption, degradation, or material change to these networks could impact the functionality, accessibility, or value of the token. |
I.4 | Project implementation-related risks | The successful implementation of Superp may be affected by operational risks such as smart contract failures, oracle inaccuracies, DeFi protocol exploits, or changes to the BNB Chain infrastructure. Additional risks include competition from other perpetual DEX platforms, failure to achieve sufficient user adoption, and dependency on continued listing of underlying assets. Project delivery depends on achieving key roadmap milestones and maintaining effective coordination with development partners. |
I.5 | Technology-related risks | Key technology risks include potential smart contract vulnerabilities, BNB Chain or Ethereum network disruptions, validator failures, oracle manipulation, and private key compromise. Additional risks may arise from cross-chain bridge services or third-party custody solutions involved in token storage or transfer. |
I.6 | Mitigation measures | Independent smart contract audits have been completed by PeckShield (NoLiquidation Perp) and Salus Security (Meme Perp, Alpha Perp); all identified issues were resolved or mitigated.
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Part J – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
No | FIELD | CONTENT |
S.1 | Name | Superp Foundation |
S.2 | Relevant legal entity identifier | |
S.3 | Name of the crypto-asset | SUP |
S.4 | Consensus mechanism | See H.4 |
S.5 | Incentive mechanisms and applicable fees | See H.5 |
S.6 | Beginning of the period to which the disclosed information relates | BNB Chain: 2024-12-26 |
S.7 | End of the period to which the disclosed information relates | BNB Chain: 2025-12-26 |
S.8 | Energy consumption | BNB Chain: 245000.00000 |
S.9 | Energy consumption – sources and methodologies | BNB Chain: Energy consumption estimates provided by CCRI. All indicators are based on assumptions and represent approximations. Methodology, input data, external datasets, and underlying assumptions are described in detail in the CCRI MiCA Methods Whitepaper (https://carbon-ratings.com/dl/whitepaper-mica-methods-2024) and the CCRI Indices portal (https://indices.carbon-ratings.com/). |
S.10 | Renewable energy consumption | BNB Chain: 30.000000000 Ethereum: 52.000000000 |
S.11 | Energy intensity | BNB Chain: 0.00050 |
S.12 | Scope 1 DLT GHG emissions – Controlled | BNB Chain: 0.00 |
S.13 | Scope 2 DLT GHG emissions – Purchased | BNB Chain: 40.00000 |
S.14 | GHG intensity | BNB Chain: 0.00007 |
S.15 | Key energy sources and methodologies | BNB Chain: To estimate the share of renewable energy usage, node locations are identified through public information sources, open-source crawlers, and proprietary crawlers developed in-house. When geographic distribution data is unavailable, comparable reference networks with similar incentivization structures and consensus mechanisms are used. This geolocation data is then combined with public information from the European Environment Agency (EEA) to determine renewable energy usage.
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S.16 | Key GHG sources and methodologies | BNB Chain: To calculate GHG emissions, the geographic locations of the nodes are first identified using public information sources, open-source crawlers, and proprietary crawlers developed in-house. If no data is available on the geographic distribution of the nodes, comparable reference networks with similar incentivization structures and consensus mechanisms are used instead. This geolocation data is then combined with public information from the European Environment Agency (EEA) to determine the emissions.
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S.22 | Generation of waste electrical and electronic equipment (WEEE) | |
S.23 | Non-recycled WEEE ratio | |
S.24 | Generation of hazardous waste | |
S.29 | Impact of the use of equipment on natural resources |