Updated: January 21, 2024

RISK DISCLAIMER


Cryptocurrency and Forex transactions are complex and carry a significant risk of loss due to market volatility. According to recent statistics, 82% of retail investors suffer losses when trading on exchanges. Therefore, it is crucial to evaluate your ability to take these risks before investing. Furthermore, AI Rental, being an artificial intelligence tool, does not guarantee operational success.

Please also note that this Risk Statement is not exhaustive. You should conduct further research (and seek professional advice) to carefully determine whether purchasing and/or trading tokens is suitable for your particular financial situation and risk tolerance.

SUBJECT TO ANY PROVISION TO THE CONTRARY SET FORTH IN OUR EULA, WE WILL NOT BE RESPONSIBLE FOR ANY LOSSES INCURRED BY YOU AS A RESULT OF YOUR ACCESS TO OUR PLATFORM OR YOUR PURCHASE, TRANSFER OR USE OF TOKENS.

TOKENS ARE HIGH RISK ASSETS AND YOU SHOULD NEVER USE FUNDS YOU CANNOT AFFORD TO LOSE TO PURCHASE TOKENS.

1. PRICE VOLATILITY


The price of the tokens may be subject to dramatic fluctuations and high volatility due to rapid changes in supply and demand resulting from events such as, but not limited to: (a) good or bad publicity, (b) changes in the financial technology, (c) technological advancement, (d) market trends, (e) general economic and/or political conditions, (f) degree of adoption, (g) degree of institutional support, (h) regulatory measures, (i ) degree of government support, (l) market dynamics, (m) trading activities, (n) piracy and (o) events affecting large service providers, including exchanges.

AS A RESULT OF PRICE VOLATILITY, YOUR TOKENS MAY LOSE ALL VALUE AND BE WORTHLESS. WE WILL NOT BE RESPONSIBLE FOR ANY LOSSES YOU MAKE AS A RESULT OF THE INHERENT PRICE-VOLATILITY OF THE TOKENS.

2. CRYPTO WALLETS


Tokens are stored in cryptographic wallets ("Wallets"). A private key (e.g. passphrase) is usually required to access, control and/or dispose of tokens that are stored in your Wallet. Losing access to the private keys associated with your Wallet may result in the permanent loss of your ability to access and dispose of your tokens.
You are solely responsible for implementing all reasonable and appropriate measures to secure access to your private key(s) and Wallet.

WE DO NOT HAVE COPIES OF YOUR PRIVATE KEY(S). WE WILL NOT BE RESPONSIBLE FOR ANY LOSS RESULTING FROM YOUR INABILITY TO ACCESS YOUR WALLET AND/OR PRIVATE KEYS.

3. PROTOCOLS


Tokens are recorded on distributed ledgers (usually shared between networks of users) that are governed, bound, and distinguished based on a certain set of rules known as protocols.

3.1 Malfunction, breakdown and/or abandonment of protocols

Any malfunction, breakdown and/or abandonment of the protocols (and any consensus mechanism, where applicable) on which the tokens are based could seriously affect the price of the tokens, as well as your ability to dispose of the tokens (particularly when the protocol relies on substantial participation and extensive networks to function properly).

3.2 Mining attacks

Some protocols integrate consensus-based mechanisms for validating transfers (“Consensus Protocols”). Consensus Protocols are therefore susceptible to attacks at the validation stage, where token transactions are approved by the network. This can affect the accuracy of transactions that occur on the protocol and the misappropriation of its tokens (for example, through what are generally known as double-spending attacks).

3.3 Hacking and security weaknesses

Tokens may be subject to expropriation and/or theft. Bad actors (including hackers, groups, and organizations) may attempt to interfere with protocols or tokens in a variety of ways, including but not limited to malware attacks, denial-of-service attacks, consensus-based attacks, sybil attacks. , smurfing. and impersonation.

Additionally, some protocols are based on open source software and, as a result, are subject to the risk of weaknesses being introduced into the protocols (either voluntarily or accidentally) at the development stage. Any such weakness can be exploited by bad actors for the purpose of misappropriating your tokens, or otherwise affecting the functionality of the protocol and your ability to dispose of your tokens.

WE HAVE NO CONTROL OVER THE PROTOCOLS. AS SUCH, WE WILL NOT BE LIABLE FOR ANY LOSS ARISING OUT OF OR IN CONNECTION WITH THE PROTOCOLS.

4. LAWS AND REGULATIONS


The legal and/or regulatory framework surrounding tokens and distributed ledger technology is uncertain, unharmonized, and unstable in many jurisdictions.

It is difficult to predict which framework will become applicable to tokens in the near future and how the implementation of dedicated legal and/or regulatory frameworks will affect the price of tokens. A newly introduced legal and regulatory framework may interfere with or limit your ability to hold or dispose of your tokens, which in turn could result in financial loss on your part.

WE ARE NOT RESPONSIBLE FOR ANY LOSSES YOU MAY SUFFER AS A RESULT OF ANY NEWLY INTRODUCED LEGAL AND/OR REGULATORY FRAMEWORK.

5. TAXATION


The tax characterization of tokens is complex and largely uncertain. Uncertainty in the tax treatment of tokens may expose you to unforeseen future tax consequences associated with the purchase, possession, sale or use of tokens. You should seek tax advice to understand what tax obligations apply to you when purchasing, holding, transferring and using tokens. Failure to comply with your tax obligations could result in severe fines and even imprisonment.
WE ARE NOT RESPONSIBLE FOR ANY LOSS OR OTHER FORM OF LIABILITY ARISING OUT OF OR IN CONNECTION WITH YOUR FAILURE TO COMPLY WITH ANY TAX LIABILITY WHICH IS OR WILL APPLY TO YOU.

6. UNFORESEEN RISKS


In addition to the risks included herein, there are other risks associated with your purchase, holding, exchange and use of tokens, some of which we cannot anticipate. Such risks may also materialize as unanticipated variations or combinations of the risks discussed in this section.

THIS RISK STATEMENT IS NOT EXHAUSTIVE AND SHOULD NOT BE RELIED TO UNDERSTAND ALL RISKS INVOLVED IN PURCHASING, MAINTAINING, TRADING AND USE OF TOKENS. SUBJECT TO THE TERMS OF THE EULA, WE WILL NOT BE RESPONSIBLE OR LIABLE FOR ANY LOSS YOU SUFFER AS A RESULT OF UNANTICIPATED RISKS.