Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 43

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 43
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 away          
 from Solana. If the Solana ecosystem fails to evolve, compete, or maintain its relevance, the utility and value of SOL could decline materially. |

| ● | Lifecycle and Economic Mechanics of SOL: The value of SOL is 
 influenced by its specific tokenomics:                       |

| o | Inflationary and Deflationary Pressures: New SOL is created through an inflationary protocol issuance, which began at                      
 8% annually and decreases by 15% year-over-year to a terminal rate of 1.5%. Counteracting this is a deflationary mechanism where a portion 
 of transaction fees is burned (permanently removed from circulation). The net effect on the SOL supply (inflationary or deflationary)      
 depends on network usage and is uncertain.                                                                                                 |

| o | Bonding and Unbonding Periods: Staking SOL involves a “warmup” period before rewards are earned and a “cooldown”                        
 or unbonding period of several days when unstaking. During this unbonding period, assets are illiquid and earn no rewards. Furthermore, 
 the protocol limits how much stake can unbond per epoch (approximately 25% of the active stake), which could create a queue and further 
 delay access to our capital during a market downturn, exacerbating liquidity risk.                                                      |

SOL is a relatively novel digital asset, and is subject to significant legal, commercial, regulatory and technical uncertainty, which could materially adversely affect the Company’s financial position, operations and prospects. SOL and other digital assets, as well as applications on blockchain networks such as Solana, are relatively novel and are subject to significant uncertainty, which could adversely impact their price. The application of state and federal securities laws and other laws and regulations to digital assets and blockchain-based applications is unclear in certain respects, and it is possible that regulators in the United States or foreign countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of SOL or other digital assets, or the ability of blockchain-based applications to operate. The U.S. federal government, states, regulatory agencies, and foreign countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions, that could materially impact the price of SOL or the ability of individuals or institutions to own or transfer SOL and utilize blockchain-based applications on networks such as Solana. For example, the U.S. executive branch, the SEC, the European Union’s Markets in Crypto Assets Regulation, among others, have been active