The risk of loss in investing, borrowing, trading, or holding Digital Assets can be substantial as these Assets are by nature highly volatile. Financial loss can incur when dealing with Digital Assets.

Digital Asset value can be highly unpredictable as the price can significantly fluctuate within a short time. Along with this extreme volatility and significant price fluctuations, their value may also not be guaranteed or backed by any jurisdiction or government.

Digital Asset value can also be affected by events, including interest rates, changes in the taxation of income and capital, world markets, foreign exchange rates, regulatory and legislative changes, market sentiments, and technological developments.

Digital Assets are not legal tender, and there is no guarantee that any person shall agree to accept them for their intended purpose at any time in the future. There can also be no guarantee that you would be able to sell or exchange your Digital Assets as the market liquidity and availability may be disrupted or limited.

The nature of Digital Assets may entice an increased risk of fraud or cyber-attack, including rollback attacks or blockchain reorganisations.

You thus accept and understand that due to the nature of Digital Assets and the underlying technology, you are exposed to these and other risks over which Neverless has no control, and which are entirely passed on to you as a User, including but not limited to other risks such as the continuing evolution of Digital Assets and effect of global regulatory developments; potential price manipulation; a lack of secondary markets for certain Digital Assets; risk of the loss of Digital Assets; other hacking and technology-related risks; and any new risks which may arise from investing in new types of Digital Assets.

Digital asset transactions may not be reversible. Erroneous transactions may result in irreversible loss of your funds. Where you hold Digital Assets in your on-chain Digital wallet, you must be very cautious in maintaining your private keys and backup phrases. Loss of private keys and backup phrases may result in irreversible loss of your funds. Due to the decentralised nature of blockchain, there is no central party that may restore your private keys, extract your funds, or reimburses you for your losses.

Any third party gaining access to your Digital wallet can extract your funds, and you may not be able to identify or find such parties. Never provide any person with your wallet’s private keys or backup phrase.

Once you send Digital Assets to an address, there is a risk that you may lose access to, and any claim on, those Digital Assets either indefinitely or permanently because, for example, an address may have been entered incorrectly. Losses due to fraudulent or accidental transactions may not be recoverable.

Digital Assets which are meant to mimic or follow the price of another asset (e.g. any fiat currency, or commodity) may not always accurately reflect such prices, which can fluctuate above or below their intended value.

Digital Assets are largely unregulated in most parts of the world, and limited protection (if any) may be afforded to users in the event of a loss. Digital exchanges and service providers may not be subject to regulatory supervision.

Different jurisdictions may treat Digital Assets differently, and the cross-border nature of the blockchain and Digital Assets may make them subject to the laws of various jurisdictions. You must always make sure that any use you make of any Digital asset is compliant with all applicable laws.

Different jurisdictions may impose specific tax rules and treatments on Digital Assets. You must ensure you understand the tax implications of your activities, and always comply with all reporting and payment obligations applicable to you.

Blockchain technologies are susceptible to a wide variety of risks, from malicious attacks to technical difficulties and failures, which may result in loss of funds transacted or held over the blockchain, increased transaction costs, or delays in execution.

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