What is Dogwifhat?

Dogwifhat (WIF) is a meme-inspired cryptocurrency that emphasizes community engagement and social interaction. Its value and adoption are largely driven by its viral potential and strong community support rather than any specific blockchain or decentralized application (dApps) features. WIF aims to create a fun and lighthearted environment for users to participate in the crypto space, although it is highly speculative and carries significant risk.

What is WIF?

WIF is a SPL token on the Solana network that was launched by an anonymous project team in November 2023. There is a maximum supply of 1 billion units of WIF, all of which are currently in circulation. Learn more about WIF here.

Risk Statement

Before trading any crypto assets 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.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether WIF can be supported by Wealthsimple's platform, including whether WIF is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated WIF based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of WIF, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created WIF;
• The supply, demand, maturity, utility and liquidity of WIF;
• Material technical risks associated with WIF, including any code defects, security breaches and other threats concerning WIF and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with WIF, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of WIF; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether WIF, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to WIF may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support WIF.

Like all other crypto assets, there are some general risks to investing in WIF. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading WIF. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: March 24, 2025