Last Updated: March 25, 2019
This brief statement does not disclose all of the risks and other significant aspects of acquiring our digital asset. In light of the risks, you should undertake such transactions only if you understand the nature of the digital asset risks that you might be exposed. Acquisition of digital assets is not suitable for many members of the public. You should carefully consider whether the acquisition is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
1. Exchange Rate
Not all digital assets are peg, but for those that peg to fiat currency, for example United State Dollar, you should be aware that your home currency will fluctuate with the peg currency and this the fluctuation may not necessary be benefits to you.
The regulatory may change and if the changes are not in favour of the digital assets instrument then such changes will heavily impact the digital assets that you have bought. For example, the authority may decide to stop all transaction using digital asset. If this happen such digital asset will lose all its value.
3. No Guarantees
The Company will not guarantee that the digital assets can be as useful as the Company intended to. As such, the Company cannot guarantee that you will benefits from acquiring the digital asset.
4. System Risks
While we do have a detail Business Continue Plan to ensure that our system and business will run smoothly, there is no guarantee that it is bullet proof. An act of God, for example, may put the business on hold until the system is able to be recovered and run again.
5. Liquidity Risks
The Company do not guarantee that you are able to convert the digital asset back to fiat currency. This will depend on the regulatory of your origin country and the regulatory of the country that the Company incorporated.
6. Cybercrime Risks
The acquisition and management of digital asset is inherently subject to the risk of cybercrime that is difficult to manage and mitigate. This may result in concerted attempts and even successful attempts to hack our website and software used to manage contributions received in respect of the digital asset and other software or technology components and to defraud participants and the Company. The Company may be subject to unauthorized access, hacking and/or theft of some of digital asset and it may not be possible to successfully insure against the same at a reasonable price or at all.
7. Risk of Loss of your Digital Asset
Participants understand and accept that if digital asset are lost or stolen, then it will be unrecoverable and permanently lost. A private key, or a combination of private keys, is necessary to control your digital asset. Accordingly, loss of requisite private key(s) will result in loss of such digital asset. Moreover, any third party that gains access to such password(s), including by gaining access to login information of the participants, may be able to misappropriate your digital asset. Any errors or malfunctions caused by or otherwise related to the e-wallet chosen by a participant to receive and store digital asset, including participant’s own failure to properly maintain or use of such e-wallet, may also result in the loss of digital asset.