Common use of RISK DISCLOSURE Clause in Contracts

RISK DISCLOSURE. For the avoidance of doubt, LATOKEN does not provide any legal, tax, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (if applicable) events that have affected the price of them, but this is not an investment advice and should not be construed as such. Any activity related to Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax or investment management professionals prior to entering into this Agreement or requesting a transaction to be performed. You acknowledge and agree that you shall access and use the Services at your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatile. You should not deal in these or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited to, the failure of hardware, Services software, and internet connections. You acknowledge that LATOKEN shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the services. j. Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 9 contracts

Samples: Terms of Use Agreement, Terms of Use Agreement, Terms of Use Agreement

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RISK DISCLOSURE. For the avoidance Trading of doubt, LATOKEN does not provide any legal, tax, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (if applicable) events that have affected the price of them, but this is not an investment advice and should not be construed as such. Any activity related to Digital Assets carries with it a VFAs involves significant risk. Prior to using the Services, the User should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax The risk of loss in trading or investment management professionals prior to entering into this Agreement or requesting a transaction to holding VFAs can be performed. You acknowledge and agree that you shall access and use the Services at your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatilesubstantial. You should not deal in these therefore carefully consider whether using the Spot Services or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product Additional Services is suitable for you You in light of your circumstances financial condition. There is no assurance that our trading market for VFAs will be orderly and financial positionstable. You should exercise prudence in trading in VFAs (as well as any other assets). Prices can and do fluctuate at any given moment for any reason. Due to such price fluctuations, You may gain or lose value in your assets at any given moment. Any VFA or trading position may be subject to large swings in value and may even become worthless. The User shall bear any loss resulted in his/her own fault or error, including but not limited to: not in accordance with the transaction prompts operation, not timely trading operations, forgetting or leakage of passwords, passwords are cracked, and/or the Users computer is invaded or hacked by others. In addition, use the event of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly potential loophole in the futuretrading rules that unjustly enriches the User, we will contact the User to recover the gains. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets User must effectively cooperate, otherwise, we will move up or downtake actions, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited toto restrictions on account transactions, freezing account funds, prosecution of the User in a court with right of jurisdiction and other recourse measures. In the event that the User does not cooperate, the failure User will also bear recourse costs. Additional Services may have incremental risk factors. Please note that: • You may sustain a total loss of hardware, Services software, initial margin and internet connections. You acknowledge that LATOKEN shall not be responsible for any communication failures, disruptions, errors, distortions additional VFAs deposited with us to maintain your position; • If the market moves against your position or delays margin levels are increased you may experience when using the services. j. Hackers or other groups or organizations may attempt be requested to steal transfer additional VFAs on short notice to maintain your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is position; • If you fail to comply with a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used request for the Services software is susceptible additional transfer of VFAs to mining attacksyour account within the time prescribed, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen we may at our sole discretion liquidate any or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value all of your Wallets. Once positions at a transaction has been verified and recorded in loss; • Whether you make a block that is added to the blockchain, an incorrect transfer of Digital Assets profit or a theft of Digital Assets generally loss will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available depend on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or fluctuations in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with respective VFA; • We may trigger socialised clawback mechanism to take a portion of your gain to cover the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCURshortfall, as described in User Agreement.

Appears in 1 contract

Samples: Terms of Service

RISK DISCLOSURE. For the avoidance of doubt, LATOKEN does not provide any legal, tax, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (if applicable) events that have affected the price of them, but this is not an investment advice and should not be construed as such. Any activity related to Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax or investment management professionals prior to entering into this Agreement or requesting a transaction to be performed. You acknowledge and agree that you shall access and use the Services at your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatile. You should not deal in these or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited to, the failure of hardware, Services software, and internet connections. You acknowledge that LATOKEN shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the services. j. Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-selfish- mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 1 contract

Samples: Terms of Use Agreement

RISK DISCLOSURE. For VTI requires that the avoidance Customer (in this section only the Customer is referred to as "you" or "your") be aware of doubtthe risks involved in trading OTC FX. When deciding whether to trade in OTC FX you should take into account the following risks inherent in OTC FX trading. This disclosure statement is not all-inclusive but rather highlights certain of the more significant risk factors and special circumstances relating to OTC FX trading. BY EXECUTING THIS CUSTOMER TRADING AGREEMENT YOU ACKNOWLEDGE THAT TRADING OTC FX CONTRACTS IS A SPECULATIVE AND RISKY ACTIVITY AND THAT YOU UNDERSTAND THE RISKS CONTAINED IN THIS SECTION AND ALL OTHER RISKS INHERENT IN OTC FX TRADING. YOU FURTHER ACKNOWLEDGE AND AGREE THAT DESPITE SUCH RISKS, LATOKEN does not provide any legalYOU ARE WILLING AND ABLE TO ASSUME THE FINANCIAL RISKS AND OTHER HAZARDS OF TRADING IN OTC FX CONTRACTS. A. OTC FX Trading on Margin Is Very Risky. OTC FX Trading is highly speculative and is suitable only for those who (i) understand and are willing to assume the economic, taxlegal and other risks involved, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (ii) are financially able to assume losses significantly in excess of margin or deposits. Foreign currency prices are highly volatile. Price movements of foreign currencies are influenced by, among other things, interest rates, changes in balance of payments and trade, domestic and international rates of inflation, international trade restrictions and currency devaluations and revaluations. For example, there can be serious market disruptions if applicable) economic or political events that have affected locally or overseas affect the price of them, but this market. It is not an investment advice and should not be construed as such. Any activity related possible to Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below foresee all risks and, to the extent necessary, consult a lawyer, accountant, and/or tax or investment management professionals prior to entering into this Agreement or requesting a transaction to be performedin advance. You acknowledge represent, warrant and agree that you shall access understand these risks; that you are willing and use able, financially and otherwise, to assume the Services at risks of foreign exchange trading and that loss of your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at entire Account balance will not change your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatilelife style. You should not deal recognize that guarantees of profit or freedom from loss are impossible in these or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited to, the failure of hardware, Services software, and internet connectionsOTC FX trading. You acknowledge that LATOKEN shall you have received no such guarantees from VTI or from any of its representatives or any introducing agent or other entity with whom you are conducting your VTI account and have not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations. B. Low Margin and High Leverage Can Result in Rapid and Total Losses in a Volatile Market. The high leverage and low margin associated with OTC FX can result in significant losses due to price changes in OTC FX. A relatively small market movement will have a proportionately larger impact on the funds that you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with VTI to maintain your positions. If the market moves against your position or margin levels are increased, you may be responsible called upon to pay substantial additional funds on short notice to maintain your positions. If you fail to comply with a request for additional funds within the time prescribed, your positions may be liquidated at a loss and you will be liable for any communication failures, disruptions, errors, distortions or delays you may experience when using the servicesresulting deficit. j. Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 1 contract

Samples: Customer Trading Agreement

RISK DISCLOSURE. For You confirm that you understand the avoidance of doubtrisk disclosures associated with an electronic market place, LATOKEN does not provide any legaland have read and understood all additional disclosures made by EcoEx from time to time, tax, estate planning or investment advice in connection with LATOKEN Services. We may provide that contain important information on trading and dealing with EcoEx and are aware of the pricecontents contained therein. The risks involved in trading in various instruments on EcoEx, rangeand as set out in detail in the above risk disclosure formulated by EcoEx inter alia include, volatility risk of Digital Assets high and (if applicable) events low volatility, risk reducing orders, risk of new announcements, risk of rumours, systems risks and system/network congestion. You confirm that you are aware of all the rights available to you under the extant laws, rules, regulations and General Terms and Conditions of EcoEx and of all your obligations thereunder and hereunder. If you have affected any concerns with respect to the price above you may contact our office. You must know and appreciate that commodities traded on EcoEx, which have varying element of themrisk, but this is generally not an appropriate avenue for someone of limited resources/limited investment advice and/or trading experience and should not be construed as such. Any activity related to Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax or investment management professionals prior to entering into this Agreement or requesting a transaction to be performed. You acknowledge and agree that you shall access and use the Services at your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at your own low risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatiletolerance. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition. In case you trade on EcoEx and suffer adverse consequences or loss, you shall be solely responsible for the same and EcoEx or its affiliates or any of its employees/ directors/ officers/ advisors/ representatives shall not deal be responsible, in these any manner whatsoever, for the same and it will not be open for you to take a plea that no adequate disclosure regarding the risks involved was made. You shall be solely responsible for the consequences and no contract can be rescinded on that account. You must acknowledge and accept that there can be no guarantee of profits or similar products unless no exception from losses while executing orders for purchase and/or sale of a security or derivative being traded on the an electronic trading platform. In the light of the risks involved in and the other significant aspects of trading, you should undertake transactions only if you understand their the nature of the contractual relationship into which you are entering and the extent of your exposure to risk. In light of the foregoing, you declare that: You should also shall be satisfied wholly responsible for all your trading decisions and trades; You have read and understood the risks involved in trading on EcoEx market; The failure to understand the risk involved shall not render a contract as void or voidable and you shall be and shall continue to be responsible for all the risks and consequences for entering into trades in the segments in which you choose to trade; all monies, fees, charges or other property which may be required to open and/or to maintain your account shall be held subject to a general lien for the discharge of your obligations to EcoEx; you are liable to pay applicable initial margins/security deposits, withholding margins/security deposits, special margins/security deposits or such other margins/security deposits as are considered necessary by EcoEx or as per the Terms and Conditions applicable for any particular trade. payment of margins/security deposits by you does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins/security deposits, you may, on the closing of your trade, be obliged to pay (or entitled to receive) such further sums as EcoEx may require; H. CONFIDENTIALITY 1. EcoEx shall use reasonable precautions to maintain the confidentiality of the information you have provided to EcoEx and information you have created, inputted or developed in connection with your use of the Services, but because such information can be accessed through the internet, you hereby acknowledge and agree that there can be no assurance that the product is suitable for information, any Information provided to you in light of your circumstances and financial positionthrough the Services, the orders placed by you to purchase or sell a commodity or to transfer funds or any communication through email will remain secure. In addition, use of the Platform EcoEx may disclose such information to its employees, representatives, officers, agents, advisors and of our Services can never be considered affiliates, as well as a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets governmental or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one regulatory entity or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited torecognized stock exchanges, the failure of hardware, Services software, and internet connections. You acknowledge that LATOKEN shall not be responsible service providers or any other third party agent or service provider - for any communication failures, disruptions, errors, distortions or delays you may experience when using the services. j. Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including purpose related to the nature and performance conduct of any products available on EcoEx 's business or to the Platform). Thereforeoffering, before starting to use providing or maintaining of the Services, you should learn the specifics of such transactions and possible underlying assets in detail to comply with applicable rules, orders, subpoenas or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section other legal process, or in the general is not clear order to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one give information to sell, buyany government agency or regulatory body or recognized stock exchanges or official requesting such information, or trade Digital Assets or products derived from or ancillary to them. Furthermore, for any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activitieslegitimate business purpose. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 1 contract

Samples: Terms and Conditions Agreement

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RISK DISCLOSURE. For KGIL requires that the avoidance Customer (in this section Customer is referred to as "you" or "your") be aware of doubtthe risks involved in trading OTC FX. When deciding whether to trade in OTC FX you should take into account the following risks inherent in OTC FX trading. This disclosure statement is not all-inclusive but rather highlights certain of the more significant risk factors and special circumstances relating to OTC FX trading. BY EXECUTING THIS CUSTOMER TRADING AGREEMENT YOU ACKNOWLEDGE THAT TRADING OTC FX CONTRACTS IS A SPECULATIVE AND RISKY ACTIVITY AND THAT YOU UNDERSTAND THE RISKS CONTAINED IN THIS SECTION AND ALL OTHER RISKS INHERENT IN OTC FX TRADING. YOU FURTHER ACKNOWLEDGE AND AGREE THAT DESPITE SUCH RISKS, LATOKEN does not provide any legalYOU ARE WILLING AND ABLE TO ASSUME THE FINANCIAL RISKS AND OTHER HAZARDS OF TRADING IN OTC FX CONTRACTS. A. OTC FX Trading on Margin Is Very Risky. OTC FX Trading is highly speculative and is suitable only for those who (i) understand and are willing to assume the economic, taxlegal and other risks involved, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (ii) are financially able to assume losses significantly in excess of margin or deposits. Foreign currency prices are highly volatile. Price movements of foreign currencies are influenced by, among other things, interest rates, changes in balance of payments and trade, domestic and international rates of inflation, international trade restrictions and currency devaluations and revaluations. For example, there can be serious market disruptions if applicable) economic or political events that have affected locally or overseas affect the price of them, but this market. It is not an investment advice and should not be construed as such. Any activity related possible to Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below foresee all risks and, to the extent necessary, consult a lawyer, accountant, and/or tax or investment management professionals prior to entering into this Agreement or requesting a transaction to be performedin advance. You acknowledge represent, warrant and agree that you shall access understand these risks; that you are willing and use able, financially and otherwise, to assume the Services at risks of foreign exchange trading and that loss of your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at entire Account balance will not change your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatilelife style. You should not deal recognize that guarantees of profit or freedom from loss are impossible of performance in these or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited to, the failure of hardware, Services software, and internet connectionsOTC FX trading. You acknowledge that LATOKEN shall you have received no such guarantees from KGIL or from any of its representatives or any introducing agent or other entity with whom you are conducting your KGIL account and have not entered into this agreement in consideration of or in reliance upon any such guarantees or similar representations. B. Low Margin and High Leverage Can Result in Rapid and Total Losses in a Volatile Market. The high leverage and low margin associated with OTC FX can result in significant losses due to price changes in OTC FX. A relatively small market movement will have a proportionately larger impact on the funds that you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with KGIL to maintain your positions. If the market moves against your position or margin levels are increased, you may be responsible called upon to pay substantial additional funds on short notice to maintain your positions. If you fail to comply with a request for additional funds within the time prescribed, your positions may be liquidated at a loss and you will be liable for any communication failures, disruptions, errors, distortions or delays you may experience when using the servicesresulting deficit. j. Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 1 contract

Samples: Customer Trading Agreement

RISK DISCLOSURE. For the avoidance of doubt, LATOKEN 11.1 The Company does not provide any legal, tax, estate planning finance or investment advice in connection with LATOKEN the Services. We may provide you information on the pricepricing, range, range and volatility of the Digital Assets and (if applicable) events that may have affected effect on the price of themthereof, but this any such information is not an investment advice provided on non-reliance basis only and should not solely for information purposes. No such information can be construed as such. investment advice. 11.2 Any activity related to trading in the Digital Assets carries with it a significant risk. Prior to using the Services, the User should carefully consider the below risks andand obtain, prior to the extent necessaryplacing any Order, consult a lawyerindependent legal, accountantfinancial, and/or tax or investment management professionals prior advice on the suitability of such trading to entering into this Agreement or requesting a transaction to be performed. the User. 11.3 You acknowledge and agree that your access to the Platform and the by you shall access and use of the Services shall at all times be at your own risk. 11.4 You should be aware that the Digital Assets, and, in particular, cryptocurrencies, are not recognized as financial instruments for the purposes of MiFID. As Digital Assets are traded on nonregulated decentralized digital exchanges. Accordingly, price formation and price movements of the Digital Assets depend solely on the internal rules of the particular digital exchange, which may be subject to change at any point in time and without notice. This often leads to a User very high intra-day volatility in the prices of LATOKEN Servicesthe Digital Assets which may be substantially higher compared to financial instruments recognized under the MiFID. Therefore, by investing in the Digital Assets you accept a significantly higher risk of loss of your invested amounts which may occur within a very short time frame as a result of sudden adverse price movements of the Digital Assets. 11.5 We derive our benchmark market and pricing data on the Digital Assets from the digital decentralized exchanges such assets are traded on. Due to the non-regulated nature of such exchanges, the market data and price feed information provided by such exchanges may be subject to the internal rules and practices of such exchanges which may significantly differ from the rules and practices observed by the regulated exchanges. In particular, you should be aware that the pricing formation rules of the cryptocurrency exchanges are not subject to any regulatory supervision and may be changed at the relevant digital exchange's discretion at any time. Similarly, such digital exchanges may introduce trading suspensions or take other actions that may result in suspension or cessation of trading on such exchanges or the price and market data feed becoming unavailable to us. The above factors could result in a material adverse effect on the value of the Digital Assets that you hold, including the loss of all of your entire invested amounts. 11.6 The Company is not offering you any investment services and is not licensed as an investment firm for the purposes of MiFID. Consequently, in cases where we are unable to meet our obligations towards you, you will not be able to seek cover from any investor compensation funds that may be available for clients of the EU investment firms. Similarly, you should be aware that any complaints that you may have or any disputes that may arise between you and the Company in connection with the Services are not eligible and shall not be accepted for consideration by the relevant financial ombudsman of the EU member states. 11.7 You acknowledge and/or agree to the following: a. You are investing at your own risk and discretion. b. Neither LATOKEN(i) Any statement, nor its comment or opinion, including any statement or comment or opinion posted on the Website, made or posted by us, our employees, ownersauthorized representatives or agents, foundersor generally any statement, affiliatescomment or opinion made by any person in respect of us or the Services which we offer or provide from time to time, officerswhether such statement is made before or after acceptance by you of this Agreement, board members, contractors, investors or advisors, are should not be construed as investment or trading advisors.other advice and shall not be deemed to be incorporated into this Agreement or otherwise have any contractual effect; c. Absolutely (ii) we do not advise on the merits of any particular transactions, their taxation, legal or other consequences thereof; (iii) none of the information provided is at the Website or the Platform should be considered as a recommendation to buy or sell any investment or asset or a guarantee asset; (iv) the market of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The the Digital Assets market is a highly dynamic area and the respective prices of the Digital Assets are often highly unpredictable and volatile. You should not deal in these or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that ; (v) when you acquire Digital Assets, you accept the product is suitable for you in light of your circumstances and financial position. In addition, use of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that investing in such assets, which can lead to the value loss of Digital Assets will drop significantly in the future. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets.entire investment; i. There (vi) there are risks associated with utilizing an internet-based platform Platform including, but not limited to, the failure of hardware, Services software, and internet connections. You acknowledge that LATOKEN the Company shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the services.Services; j. Hackers or other groups or organizations may attempt to steal your Digital Assets or (vii) the revenue from your transactions. k. The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain infrastructure used for the Services software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, "selfish-mining" attacks, and race condition attacks. Any successful such attack presents may pose a risk to the Software, expected proper execution times and sequencing of the transactions, and expected proper execution and sequencing of computations.. Under no circumstances shall the Company be liable to you for any losses or damages caused to you as a result of any such attacks or disruptions; m. (viii) transactions in Digital Assets transactions are irrevocable and due to the nature of blockchain, and, accordingly, stolen or incorrectly transferred Digital Assets may will be irretrievable. As a result, any incorrectly executed Transaction Order could adversely affect the value of your Walletsassets. Once a your Order and the underlying transaction has been verified and recorded in a block that is added to the blockchain, an any incorrect transfer of Digital Assets or a theft of Digital Assets generally thereof will not be reversible and there may will be no compensation for any such transfer or theft.; and n. The risk information presented here does not reflect all (ix) there are no guarantees of the risks or other important aspects profit nor of your transactions via the Services (including related to the nature and performance of any products available on the Platform)avoiding losses when investing in Digital Assets. Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure You agree that you correctly understand all have received no such guarantees from the associated risksCompany or from any of its representatives. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCUR.

Appears in 1 contract

Samples: Client Agreement

RISK DISCLOSURE. For the avoidance Trading of doubt, LATOKEN does not provide any legal, tax, estate planning or investment advice in connection with LATOKEN Services. We may provide information on the price, range, volatility of Digital Assets and (if applicable) events that have affected the price of them, but this is not an investment advice and should not be construed as such. Any activity related to Digital Assets carries with it a VFAs involves significant risk. Prior to using the Services, the User should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax The risk of loss in trading or investment management professionals prior to entering into this Agreement or requesting a transaction to holding VFAs can be performed. You acknowledge and agree that you shall access and use the Services at your own risk. As a User of LATOKEN Services, you acknowledge and/or agree to the following: a. You are investing at your own risk and discretion. b. Neither LATOKEN, nor its employees, owners, founders, affiliates, officers, board members, contractors, investors or advisors, are investment or trading advisors. c. Absolutely none of the information provided is a recommendation to buy or sell any investment or asset or a guarantee of results. d. You are not entitled to a refund at any time or for any reason. e. LATOKEN is not liable for any errors or omissions or oversights. f. Hypothetical statements may have inherent limitations. g. All statements made in your Wallet, LATOKEN discussion boards, newsletters or online apps or other information provided by LATOKEN do not constitute investment advice. h. The Digital Assets market is a dynamic area and the respective prices are often highly unpredictable and volatilesubstantial. You should not deal in these therefore carefully consider whether using the Spot Services or similar products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product Additional Services is suitable for you You in light of your circumstances financial condition. There is no assurance that our trading market for VFAs will be orderly and financial positionstable. You should exercise prudence in trading in VFAs (as well as any other assets). Prices can and do fluctuate at any given moment for any reason. Due to such price fluctuations, You may gain or lose value in your assets at any given moment. Any VFA or trading position may be subject to large swings in value and may even become worthless. The User shall bear any loss resulting from his/her own fault or error, including but not limited to: not in accordance with the transaction prompts operation, not timely trading operations, forgetting or leakage of passwords, passwords are cracked, and/or the Users computer is invaded or hacked by others. In addition, use the event of the Platform and of our Services can never be considered a safe investment but only an investment with a high risk of loss inherently associated with it. It is possible that the value of Digital Assets will drop significantly potential loophole in the futuretrading rules that unjustly enriches the User, we will contact the User to recover the gains. The market for Digital Assets is still new and uncertain. No-one should have funds invested in Digital Assets or speculate in Digital Assets that she is not prepared to lose entirely. Whether the market for one or more Digital Assets User must effectively cooperate, otherwise, we will move up or downtake actions, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Assets. i. There are risks associated with utilizing an internet-based platform including, but not limited toto restrictions on account transactions, freezing account funds, prosecution of the User in a court with right of jurisdiction and other recourse measures. In the event that the User does not cooperate, the failure User will also bear recourse costs. Additional Services may have incremental risk factors. Please note that: • You may sustain a total loss of hardware, Services software, initial margin and internet connections. You acknowledge that LATOKEN shall not be responsible for any communication failures, disruptions, errors, distortions additional VFAs deposited with us to maintain your position; • If the market moves against your position or delays margin levels are increased you may experience when using the services. j. Hackers or other groups or organizations may attempt be requested to steal transfer additional VFAs on short notice to maintain your Digital Assets or the revenue from your transactions. k. The Software rests on open-source software, and there is position; • If you fail to comply with a risk that some weaknesses or bugs may be introduced into infrastructural elements of the Platform causing the loss of the Digital Assets stored in one or more Wallets. l. The blockchain used request for the Services software is susceptible additional transfer of VFAs to mining attacksyour account within the time prescribed, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the transactions, and expected proper execution and sequencing of computations. m. Digital Assets transactions are irrevocable and stolen we may at our sole discretion liquidate any or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value all of your Walletspositions at a loss; • You are not required to provide a license but "if" the signature and patterns/win rate on your trade suggests you are using a professional service or you are an inside trader which is prohibited. Once Then you are required to provide your trade license (if your account is under pending and review) before further transactions/trading can be carried out on your account. • Whether you make a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets profit or a theft of Digital Assets generally loss will not be reversible and there may be no compensation for any such transfer or theft. n. The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available depend on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or fluctuations in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks. o. Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. LATOKEN makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities. p. The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law. q. When you finance a purchase or sale of Digital Assets on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with respective VFA; • MIFID is the financing falls). Participants should know all Markets in Financial Instruments Directive to establish a stronger, effective, and transparent market in the jurisdiction of the terms EU. Following a stringent set of rules set by MIFID this is to ensure our traders are of clear intention moving crypto funds without being involved in money laundering as this is a case in the EU market now. For this reason all taxes and withdrawal fees are being calculated to be cleared before the transaction will be approved. • We may trigger a socialised clawback mechanism to take a portion of your gain to cover the shortfall, as described in User Agreement. • Be aware that any contracts they enter withdrawal above five thousand dollars on a single withdrawal will attract tax filing and how their trading strategies documentation. We offer a one time (one year 15% fee) tax clearance above the said amount and every other market and risk factors can affect their financing obligations. THE POINTS SET OUT ABOVE APPLY TO ALL PRODUCTS. THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF MARKETS. CERTAIN OTHER RISKS RELATED TO INVESTMENTS IN DIGITAL ASSETS MAY OCCURsubsequent withdrawal will be tax free with only a 2% withdrawal fee.

Appears in 1 contract

Samples: Terms of Service

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