VargaMesh Project & Risk Disclosure

Network facts

The following parameters describe the public VMESH mainnet and should be read together with the versioned Technical Paper and live network data.

Project and responsibility

VargaMesh is an open-source public blockchain network. Attila Varga, trading as Varga-Tech, operates vargamesh.com and selected public infrastructure and contributes to software development and maintenance. Independent miners, nodes, wallets, pools and third-party services can participate separately. This disclosure does not make a binding legal classification of VMESH or of any participant.

How VMESH is created

VMESH is the native coin of the VargaMesh mainnet. New VMESH is created under the consensus rules as proof-of-work block subsidy. The initial subsidy is 25 VMESH, the halving interval is 1,051,200 blocks, coinbase maturity is 100 blocks and the protocol monetary cap is 52,560,000 VMESH. The genesis output is unspendable and the project states no spendable premine.

Buying, selling and third-party trading

vargamesh.com does not accept customer orders, receive customer trading funds or operate an exchange on this portal. A “Buy VMESH” link may direct users to an independent third-party venue such as NestEx. The venue controls its own accounts, custody, order execution, fees, availability and regulatory obligations. A link or market-data feed is not a guarantee of authorization, liquidity, price, continued listing or availability in any jurisdiction. Users in the EU should independently check the provider and the ESMA MiCA register before using a crypto-asset service.

No redemption, yield or price promise

Holding VMESH does not create a contractual claim against Varga-Tech for redemption at a fixed value, repayment, interest, dividends or a minimum market price. VMESH is not represented on this website as being backed by fiat money, deposits or a reserve guaranteeing its market value. Market prices can move sharply and can fall to zero.

Self-custody and technical risks

VMESH uses a UTXO model and SHA-256d proof of work with AuxPoW support from block 1 and ASERT difficulty adjustment. Wallet users are responsible for their own recovery material and private keys where self-custody software is used. Loss or disclosure of keys can cause irreversible loss. Blockchain use also involves software defects, incompatible upgrades, reorganizations, forks, network partitioning, mining concentration, 51% attacks, fee changes and other technical risks.

Market, service and legal risks

Material risks include extreme volatility, low liquidity, large spreads, delisting, suspension of deposits or withdrawals, third-party insolvency or outages, cyberattacks, phishing, wallet malware, operational mistakes, tax consequences and regulatory changes. Availability of a market today does not mean it will remain available. Users must assess their own legal, tax and financial situation.

Proof of work and environmental information

Proof of work requires computing hardware and electricity. The exact energy consumption, electricity mix and resulting greenhouse-gas impact of the global VMESH network cannot be determined from the blockchain alone. AuxPoW permits compatible miners to reuse proof-of-work effort for merged mining, which can reduce the incremental work needed for VMESH security when used, but this does not mean that VMESH has zero environmental impact.

MiCA context

MiCA Title II contains rules for offers to the public and admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens. Article 4 includes exemptions, including certain crypto-assets automatically created as rewards for maintaining a distributed ledger or validating transactions, but the availability of an exemption depends on the actual facts and activity. Article 4 also limits exemptions in circumstances involving an intention to seek admission to trading, and Article 4(8) provides that voluntarily drawing up a crypto-asset white paper can trigger Title II requirements for an otherwise exempt offer. This website therefore does not label this disclosure a MiCA white paper. If a formal MiCA white paper becomes required, it must be prepared, notified/published as applicable and produced in the prescribed machine-readable format.

Primary regulatory references

• Regulation (EU) 2023/1114 (MiCA) ↗
• Commission Implementing Regulation (EU) 2024/2984 ↗
• ESMA Q&A 2552 — crypto-assets without an identifiable issuer ↗
• ESMA — Markets in Crypto-Assets Regulation / MiCA register ↗