General Risk Disclosure Notice

 

This notice provides You with information about the risks associated with Crypto-Assets, including Non-Fungible Tokens (NFTs)  

Please note that a Non-Fungible Token (NFT) is a specific type of Crypto-Assets. Crypto-Assets , including NFTs,  are digital assets with high volatility.

Crypto-Assets (including NFTs) are not appropriate for all investors. You should not deal in Crypto-Assets (including NFTs) unless You have the necessary knowledge and expertise, understand these digital assets’ characteristics and your exposure to risk.

You should also be satisfied that the Crypto-Assets (including NFTs) are suitable for You in light of your circumstances and financial position.

You acknowledge that the NFTs and Crypto-Assets may involve certain risks, including, but not limited to: the risks related to the malfunction of the hardware, software and Internet connections, the risk of malicious software.

You acknowledge that We will not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when using the Elrond blockchain, however caused. We expressly disclaim any liability for these risks.

The prices of NFTs can be extremely volatile and subjective. Please note that the prices of the Crypto-Assets ( including NFTs)  are volatile and the variations in the price of other Crypto- Assets could materially and adversely affect the value of any Crypto-Assets you might have, including NFTs, as well as there is no guarantee that NFTs will have or retain any value.

NFTs are not securities or any other financial instruments.

The commercial or market value of NFTs may materially decrease in value as a result of a variety of factors.

You accept and acknowledge that We will not be responsible for the risks of engaging in any transactions relating to your NFTs with third parties.

You accept and acknowledge that We will not be responsible for any loss of access to your NFTs due to loss of your private key(s), custodial error or purchaser error, hacking, security weaknesses, fraud, counterfeiting, cyberattacks and other technological difficulties.

The regulatory regime governing blockchain technologies, Crypto-Assets and NFTs is uncertain, and new regulations or policies may materially adversely affect the potential utility or value of your NFTs. You accept and acknowledge that We will not be responsible for the risk of changes to the regulatory regime governing blockchain technologies, Crypto-Assets and NFTs and new regulations, unfavorable regulatory intervention in one or more jurisdictions or policies any of which may materially adversely affect the use and value of the NFTs.

You are solely responsible for determining what, if any, taxes apply to your NFTs-related transactions. We are not responsible for determining the taxes that apply to your NFTs-related transactions.

You also acknowledge and agree that You have obtained sufficient information to make an informed decision regarding the NFTs and You are solely responsible for determining the nature, potential value, suitability and appropriateness of these risks for yourself.

We do not represent or warrant that any NFTs, or its supporting systems or technology, are reliable, current or error-free or otherwise meets your requirements, that defects in the NFTs, or their supporting systems or technology, will be corrected, or that the delivery mechanism for NFTs will be free of viruses or other harmful components.

Once You own any NFT, You are responsible for any loss or damage to, or loss of access to, the NFT and We shall not have any liability in such circumstances, regardless of cause. You expressly understand and agree that Your use of any NFTs is at Your sole risk and that the NFTs are provided “as is” and “as available.”

Crypto-Assets should be seen as high-risk digital assets and You should never invest funds that You cannot afford to lose.

Taking into consideration the above-mentioned, You hereby agree that:

  1. a) You assume all risks in connection with Your access and use of the Website, application and the NFTs;
  2. b) You expressly acknowledge that We shall not be liable for any damages arising from or in any way related to Your use of the Website, application or the NFTs;
  3. c) You expressly waive and release Us from any and all liability, claims, causes of action, or damages arising from or in any way related to Your use of the Website, application or the NFTs.