Risk Statements Clause Samples

Risk Statements. 1. You understand and are aware that digital tokens in the digital token space may entail significant risks such as non-cashability and technical instability, as the laws and regulations and policies in this space are not yet in place. You also understand that the price of digital tokens is much more volatile than other financial assets. We caution that you should choose to hold or dispose of any of the digital tokens in a reasonable manner based on your financial situation and risk appetite. 2. If you or your counterparties do not follow the instructions and rules set forth in this Service Agreement or on the relevant website instructions, transaction, withdraw, top-up, or transfer pages when using the everPay Service, we do not guarantee that the transaction will be completed successfully and we are not liable for damages. In the event that the aforementioned situation occurs and the money has been credited to your or your counterparty's wallet first, you understand the "irreversible" nature of the blockchain operation and the "irrevocable" nature of the relevant transaction, and you and your counterparty shall bear the corresponding risk Consequences. 3. Use of the Services and participation in transactions may entail financial risks. You acknowledge and agree that you understand such risks, including the following. 1. You understand and are aware that trading in digital tokens may be risky. By their very nature, digital tokens are highly experimental, risky, volatile, and transactions are often irreversible. All transactions are final and no refunds will be issued. You acknowledge and agree that you access and use the Services and engage in transactions at your own risk. The risk of loss from trading digital tokens can be significant. Accordingly, you should carefully consider whether such transactions are appropriate for you in light of your circumstances and financial resources. 2. Understanding digital tokens and trading may require advanced technical knowledge. Digital tokens are often described in extremely technical language and require a thorough understanding of applied cryptography and computer science to understand the risks inherent in trading digital tokens. Reference to a particular type of digital token in the Services does not mean that we agree or disagree with the underlying technology of such tokens and should not be used as a substitute for your understanding of the risks specific to each token. We do not guarantee the suitability of...