Join the Ethicoin Movement
Discover Ethicoin
Updated April 2, 2024
Before engaging with any aspect of our website/platform or before purchasing and/or trading Ethicoin cryptographic tokens or any other cryptographic token offered through our platform, it is imperative to consider the following risk factors. The value of these tokens and your ability to interact with them may be significantly and adversely affected if any of these risks materialize. Therefore, by purchasing tokens, you expose yourself to considerable risk and potential financial losses.
It's essential to note that this Risk Statement is not exhaustive. Conducting further research and seeking professional advice is advisable to carefully assess whether purchasing and/or trading tokens aligns with your specific financial situation and risk tolerance.
WE SHALL NOT BE LIABLE FOR ANY LOSS INCURRED BY YOU ARISING FROM YOUR ACCESS TO OUR PLATFORM OR FROM YOUR PURCHASE, TRANSFER, OR USE OF TOKENS.
The price of tokens is subject to dramatic fluctuations and high volatility due to various factors, including but not limited to:
As a consequence of this volatility, tokens may lose all value and become worthless. We absolve ourselves of responsibility for any losses incurred due to the inherent price volatility of tokens.
Tokens are stored in cryptographic wallets ("Wallets"), which require a private key (e.g., a passphrase) for access, control, and disposal of tokens. Losing access to the private key(s) associated with your Wallet may lead to permanent loss of your token holdings.
You are solely responsible for implementing adequate security measures to safeguard access to your private key(s) and Wallet.
WE DO NOT RETAIN COPIES OF YOUR PRIVATE KEY(S) AND THEREFORE CANNOT BE HELD RESPONSIBLE FOR ANY LOSS RESULTING FROM YOUR INABILITY TO ACCESS YOUR WALLET AND/OR PRIVATE KEYS.
The malfunction, breakdown, or abandonment of protocols (including consensus mechanisms) could significantly impact token prices and your ability to transact, particularly in networks relying on broad participation for proper operation.
Consensus-based mechanisms in some protocols are vulnerable to attacks during the validation of transfers, potentially leading to inaccurate transactions or token misappropriation.
Tokens may be subject to theft or expropriation by malicious actors exploiting vulnerabilities in protocols, including attacks such as malware, denial of service, and consensus-based attacks. Open-source protocols also face the risk of introducing weaknesses during development, which could be exploited by bad actors.
WE HAVE NO CONTROL OVER PROTOCOLS AND DISCLAIM LIABILITY FOR ANY LOSSES ARISING FROM PROTOCOL-RELATED ISSUES.
The legal and regulatory landscape surrounding tokens and distributed ledger technology is uncertain and varies across jurisdictions. Changes in regulations could affect token prices and your ability to hold or dispose of tokens, potentially resulting in financial losses.
WE DISCLAIM RESPONSIBILITY FOR LOSSES ARISING FROM NEW LEGAL OR REGULATORY FRAMEWORKS.
The tax treatment of tokens is complex and uncertain, exposing you to unforeseen tax consequences. Failure to comply with tax obligations may result in severe penalties, including fines and legal consequences.
WE ARE NOT LIABLE FOR LOSSES RESULTING FROM FAILURE TO COMPLY WITH TAX OBLIGATIONS.
In addition to the risks outlined above, there are unforeseen risks associated with token purchase, holding, trading, and use. We cannot anticipate all potential risks, and their materialization may further compound existing risks.
THIS RISK STATEMENT IS NON-EXHAUSTIVE, AND WE DISCLAIM LIABILITY FOR LOSSES ARISING FROM UNANTICIPATED RISKS.
Ethicoin is a high-risk investment. The value of Ethicoin can be volatile and may result in loss. Invest only what you can afford to lose.
Please contact your financial adviser before investing in Ethicoin.