For the avoidance of doubt, CUSTODIANFUND does not provide any investment advice in connection with the Services contemplated by this Agreement. We may provide information on the price, range, volatility of Cryptocurrencies and events that have affected the price of them, but this is not considered an investment advice and should not be construed as such.
Any activity related to Cryptocurrency carries with it significant risk. Prior to using the Services, the Customer should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals prior to entering into this Agreement or requesting a Transaction to be performed. You acknowledge and agree that You shall access and use the Services at Your own risk.
It is possible that the value of Cryptocurrency will drop significantly in the future. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, Cryptocurrency is a unique kind of "fiat" currency, backed by technology and trust. There is no central bank that can take corrective measure to protect the value of Cryptocurrency in a crisis or issue more currency. Instead, Cryptocurrency is an as-yet autonomous and largely unregulated worldwide system of currency firms and individuals. Traders put their trust in a digital, decentralized and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
Cryptocurrency trading is susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in Cryptocurrency because of unexpected changes imposed by the software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems - if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
There are risks associated with utilizing an Internet-based platforms including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that CUSTODIANFUND shall not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when using the Services, howsoever caused.
Hackers or other groups or organizations may attempt to steal Your Cryptocurrency or the revenue from Your Transactions.
The Software rests on open-source software, and there is a risk that some weaknesses or bugs may be introduced into the core infrastructural elements of the Software causing the loss of the Cryptocurrency stored in one or more Accounts.
The blockchain used for the Software is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, "selfish-mining" attacks, and race condition attacks. Any successful attack presents a risk to the Software, expected proper execution and sequencing of the Transactions, and expected proper execution and sequencing of contract computations.
Cryptocurrency transactions are irrevocable and stolen or incorrectly transferred Cryptocurrencies may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of Your Account. Once a Transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Cryptocurrency or a theft of Cryptocurrency generally will not be reversible and there may be no compensation for any such transfer or theft.