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IMPORTANT WARNING:
The risk associated with engaging in cryptocurrencies is high. You must be aware of the potential for complete and irreversible loss of your financial assets. Please read this Risk Disclosure Statement carefully before using our Services.
You hereby acknowledge and agree that your access to and utilization of our Services is entirely your own responsibility, undertaken at your own risk. The risk associated with engaging in cryptocurrencies is high. Prior to utilizing our Services, you should, at your own discretion, assess your financial and circumstantial circumstances and evaluate whether the use of our Services is suitable for you. You must be aware of the potential for complete and irreversible loss of your financial assets and recognize that recovering from such a loss may prove to be challenging or even impossible.
You hereby affirm and acknowledge that the risk involved in transacting, exchanging, and trading cryptocurrencies is significant, and you may incur losses within a short span of time. The liquidity profile of cryptocurrencies is subject to constant and unpredictable fluctuations, which may be substantial, and transactions involving cryptocurrencies may be irreversible, potentially resulting in significant or complete losses in cases of fraudulent or accidental transactions, with recovery being difficult or impossible.
In addition, cryptocurrency markets may cease to exist due to the unwillingness of participants to use or Platform a particular cryptocurrency, resulting in irreversible loss of your funds contributed in that specific cryptocurrency, including the NFTs/Token. Note that the aforementioned risk factors are not exhaustive and may vary depending on changes in legislation, your financial status, and other factors related to the use of cryptocurrencies, including by means of engaging with our Services.
Hereby you acknowledge and agree that the value of the NFTs/Token is subject to market fluctuations and may be influenced by various factors, including but not limited to market demand, technological advancements, regulatory developments, and macroeconomic trends. You understand that the value of the NFTs/Token may decrease, and we give no guarantee of any particular value or return on your contribution in the NFTs/Token.
You further acknowledge that the NFTs/Token may have limited liquidity in the market, and their value may experience significant volatility. You understand the risks associated with price volatility and the potential impact on the ability to sell or transfer the NFTs/Tokens at desired prices.
You recognize that the successful development and completion of our Services, including the NFTs/Token, the Wallet, and the Network, as well as the realization of its intended functionalities, are subject to various factors, including technical challenges, regulatory changes, and the effectiveness of the development team. You understand that any of the foregoing aspects of our Services may not be completed or may not function as intended.
You acknowledge that the stability of the Services, including the Network, may be influenced by factors beyond the control of the Beneficiary, including but not limited to hacking attempts, distributed denial-of-service attacks, and other security breaches. This stability may be affected by other various factors, including but not limited to:
The contingency of the provision of the Services to you is subject to a range of external variables, and there is no assurance that the Services will be provided uninterruptedly and without error.
You acknowledge and agree that maintaining access to the Wallet containing the NFTs/Token is crucial for the management and transfer of the NFTs/Token via the Network. Loss of access to the Wallet, whether due to technical issues, loss of private keys, or other reasons, may result in the permanent loss of the NFTs/Tokens.
You recognize the inherent risks associated with blockchain and smart contract technologies, including the risk of bugs, flaws, or vulnerabilities that may be exploited by malicious actors. You understand that the security of the Services and the Network is contingent upon the effective implementation of security measures.
You further acknowledge and agree that the security of your login details and associated credentials, including but not limited to passwords, private and public keys, identifiers, passphrases, backup data, and other pertinent data, including those attributable to third-party apps and service providers is entirely your individual responsibility. You are obligated to maintain control over your security details to preclude unauthorized access, unauthorized use, loss, modification, alteration, theft, or breach of your security data.
You acknowledge that the underlying technology of the Services, the NFTs/Tokens, and the Network may be subject to flaws, bugs, or disruptions that could impact the proper functioning of the NFTs/Tokens and understand the risks associated with technological flaws and implications.
You understand and acknowledge that the commercial success of the Services and any and all products and services connected to them, including the NFTs/Token and the Network, is uncertain. We make no representations or warranties regarding the success of the Services, the NFTs/Token or the Network or their adoption and utilization.
You understand that the use, value, availability, and Platform of cryptocurrencies are contingent upon the prevailing laws and regulations, which may change due to legislative amendments, introductions, or repeals. As such, you recognize that the regulatory environment for virtual asset NFTs/Tokens, blockchain technology, and decentralized Networks is constantly evolving. Changes in regulatory requirements or interpretations may have a significant impact on the legal status, transferability, and value of the NFTs/Token as well as the overall state of provision of our Services, for which the Beneficiary assumes no liability.
By using our Services, you acknowledge that you have read, understood, and accepted all the risks described in this Risk Disclosure Statement.