Risk Disclosure

This Risk Disclosure provides You with information about key risks associated with using the Services, and does not explain all of the risks or how such risks relate to Your personal circumstances. You agree that You fully understand the risks involved before making a decision to use the Services. By using the Services, You agree that You assume all of the related risks.

1.Terms and Interpretation

All capitalized terms used in this Risk Disclosure that are defined in the Terms of Use (“Terms”), have the same meaning and construction as in the Terms.

2.Disclaimer: No Advice and No Monitoring

(1)We do not provide personal advice in relation to the Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use Services is made by You. No communication or information provided to You by Us is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for You according to Your personal circumstances.

(2)You have sole responsibility for determining what taxes You might be liable to, how and when they apply, and meeting such tax obligations, when transacting through the Services. It is Your responsibility to report and pay any relevant taxes, and You acknowledge that We do not provide legal or tax advice in relation to these transactions. You shall seek independent advice for any doubts about Your tax status or obligations when using the Services, or with respect to the digital currencies held to the credit of Your Accounts.

(3)You acknowledge that We shall request additional tax information, report information, withhold taxes regarding Your transactions, transfers, distributions or payments to tax or other Regulatory Authorities when, where and as required by Applicable Law. You acknowledge that failure to comply with these requests within the specified time frame, may result in taxes withheld by Us, to be remitted to tax authorities as defined by Applicable Law.

(4)We are not Your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to You in connection with any trades or other decisions or activities undertaken by You using the Services. We do not monitor whether Your use of the Services is consistent with Your financial goals and objectives.

Risks Associated with Using the Services
3.Market Risks

(1)An investment in digital currencies carries significant risks of loss. Prices of digital currencies and market movements are affected by various factors and are difficult to predict.

(2)The digital currency market is subject to systemic and systematic risk. Systemic risk is the risk that a company or industry-level risk could trigger a major collapse. Systematic risk is the risk inherent to the entire market, which can be economic, sociopolitical, technological, or natural in origin.

(3)Negative perceptions about digital currency may reduce the confidence of investors in the industry and result in greater volatility of the prices in Digital Assets, including possibly a significant depreciation in value. Any events that trigger negative publicity in respect of digital currency markets may therefore have an adverse impact on the value of any relevant investment.

(4)Digital currency markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time.

4.Risks from Counterparty and Third Party

(1)You may be exposed to counterparty risks in various circumstances when using the Services. Counterparty hereby includes a market maker or liquidity provider, payment processors. In such other exceptional circumstances, Your holdings and Your ability to transact or deal with Your holdings, may be adversely affected which may result in a range of outcomes including transactions not completing as expected, trading costs being irrecoverable, loss of profits, inability to acquire or dispose of assets at the desired time or price.

(2)Third parties, such as chat service providers, account authentication service providers, mining machine retailers, energy suppliers that may be involved in the provision of Our Services. Unless otherwise expressly provided, We will not be responsible for any loss that may be incurred by You as a result of or arising from the services provided by any such third parties.

5.Failure of Acceleration

There is a possibility of failure for transaction accelerator services even if the possibility is low. We do not guarantee any success for every transaction acceleration in regardless of the fact that You pay for the accelerator services, and the acceleration fees will not be refund at any circumstances.

6.Liquidity Risks

Prices of digital currency on the secondary market are driven by supply and demand and may be highly volatile. Prominently different from fiat currency, digital currency may have limited liquidity which may affect Your transaction opportunity and gains. This may occur at any time, including at times of rapid price movements.

7.Technology and Availability Risks

(1)While We aim to deliver an excellent user experience, We cannot guarantee that the Services will be available at any particular time or that Services will not be subject to unplanned service outages or network congestion. It may not be possible for You to transact, transfer, send or receive digital currency as You wish and expect.

(2)When You communicate with Us via electronic communication, You should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.

(3)You understand that digital currency industry is restricted in various jurisdiction and You fully agree that We reserve the right to impose restrictions and modify such restrictions on the availability of the Platform and/or the Services from time to time in Our sole discretion without notification.

8.Cybersecurity Risks

(1)Digital currency is exposed to an increased risk of cyberattack. While We use all reasonable efforts to provide safeguard from cyberattack, it is not possible to eliminate security risks entirely. We cannot guarantee that systems in place to mitigate cyber-security threats will always be effective to prevent all cyber-attack to Our Platform and Services, Your information, transactions and digital currencies. Losses due to fraudulent or unauthorized transactions may not be recoverable, and You shall bear all such losses.

9.Exchange Risks

Currency exchange fluctuations may impact Your gains and losses.

10.Digital Currencies
You fully understand that there are instinct risks in digital currency including:

(1)faults, defects, hacks, exploits, errors, protocol failures, attacks or unforeseen circumstances occurring in respect of a digital currency or the technologies or economic systems on which the digital currency rely;

(2)exit of addresses that hold a significant amount of certain digital currency, resulting in volatility that could adversely affect the price of that digital currency;

(3)51% attack: A 51% attack is an attack on a cryptocurrency blockchain by an entity or group that controls more than 50% of the network. If a party were to gain this much control of a network, it would have the power to alter the blockchain. Whilst the risk of this occurring for networks with wider adoption is rare, if such a 51% attack were to be successful, it may significantly decrease the value of digital currencies by significantly eroding trust in public blockchain networks to store value and serve as a means of exchange;

(4)hard fork: a hard fork is a change in programming that is incompatible with the old programming. This essentially creates a new blockchain and cryptocurrency running in parallel, resulting in a split, which could impact the demand and adversely impact the price

(5)the lack of coverage by any external investor compensation, customer asset protection, deposit protection, insurance or other similar schemes; and

(6)new risks arising from new types of digital currencies.

11.Legal and Regulatory Risks

(1)There are legal requirements in various countries which may restrict the products and services that We can lawfully provide. Accordingly, some products and services and/or certain functionality within the Platform, including fiat services, may not be available or may be restricted in certain jurisdictions or regions or to certain users and any of Our campaigns, user competitions or other promotions will not be open to (and are not targeted at or intended for) users to whom restrictions apply. You shall keep informed by yourself for any restrictions and/or requirements imposed with respect to Our Services in each jurisdiction from which the Platform and the Services are accessed by You.

(2)Most digital currency operate without a central authority and are generally not backed by any government or authority. Changes in laws and regulations may materially affect the value.

(3)The nature of digital currency and gains from digital currency may vary from jurisdiction to jurisdiction. This may affect Your interest in the digital currency.