Giottus provides an
execution-only service and does not advise on the merits of any particular transactions or their tax consequences. A
considerable loss may be sustained/incurred while trading in Cryptocurrencies.
This risk disclosure statement cannot and does not disclose all risks and other
aspects involved in holding or trading transactions in Cryptocurrencies. Hence
you are advised to determine your financial circumstances and risk tolerance before
trading and carefully consider the following risks:
1. Trading Tokens can be
extremely risky. Each particular Token has a unique
feature set that makes it more or less likely to fluctuate in value. In
addition, factors beyond Giottus\92s control may affect
market liquidity for a particular Token, such as
regulatory activity, market manipulation, or unexplainable price volatility.
Blockchain networks may go offline as a result of
bugs, hard forks, or a number of other unforeseeable reasons. Giottus does not
assume the risk of losses due to trading or due to factors beyond its control
regarding the viability of specific blockchain networks. As a general matter,
we advise Users with limited trading experience and low risk tolerance not to
engage in active trading. Speculating on the value of Tokens is high risk and
Users should never trade more than they can afford to lose.
2. Understanding Tokens
requires advanced technical knowledge. Tokens are often described in
exceedingly technical language that requires a comprehensive understanding of
applied cryptography and computer science in order to
appreciate inherent risks. Listing of a Token on Giottus does not indicate
approval or disapproval of the underlying technology regarding any Token, and should not be used as a substitute for your own
understanding of the risks specific to each Token. We give you no warranty as
to the suitability of the Tokens traded under these Terms and assume no
fiduciary duty in our relations with you.
3. You accept the risk of
trading Tokens. In entering into any transaction on the Platform, you represent
that you have been, are, and will be solely responsible for making your own
independent appraisal and investigations into the risks of the transaction and
the underlying Tokens. You represent that you have sufficient knowledge, market
sophistication, professional advice and experience to make your own evaluation
of the merits and risks of any transaction or any underlying Token.
4. The legal status of
Cryptocurrencies may be uncertain. This can mean that the legality of holding
or trading them is not always clear. Whether and how one or more
Cryptocurrencies constitute property, or assets, or rights of any kind may also
seem unclear. Participants are responsible for knowing and understanding how
Cryptocurrencies will be addressed, regulated, and taxed under applicable law.
5. You are aware of and
accept the risk of operational challenges. Giottus may experience sophisticated
cyberattacks, unexpected surges in activity, or other operational or technical
difficulties that may cause interruptions in the Service. You understand that
the Service may experience operational issues that lead to delays on our
platform. You agree to accept the risk of transaction failure resulting from
unanticipated or heightened technical difficulties, including those resulting
from sophisticated attacks. You agree not to hold Giottus accountable for any
related losses.
6. Giottus does not advise
on trading risk. If at any point Giottus or its representatives do provide
trading recommendations, market commentary, or any other information, the act
of doing so is incidental to your relationship with us and imposes no
obligation of truth or due diligence on behalf of Giottus or its
representatives.
7. Giottus is a regulated
entity and must comply with applicable law. Applicable law, regulation, and
executive orders may require Giottus to, upon request by government agencies,
freeze withdrawals or trading (or both), or provide information regarding your
account. Further, our recordkeeping and customer verification procedures are
subject to change at any time as required by law or industry practices. We must
comply with the law and you accept any inconveniences to you or other
consequences resulting from our compliance.
8. There are risks
associated with utilizing an Internet-based trading system including, but not
limited to, the failure of hardware, software, and Internet connections. You
agree that we shall not be responsible for any communication failures,
disruptions, errors, distortions, or delays you may experience when trading via
the Services, however caused.
You acknowledge that the aforementioned is an in exhaustive statement of risks
associated with the trade of Cryptocurrencies and that there may be additional
risks not listed or foreseen by the Company.