Before trading or transacting using our Services, it is important to understand the risks. We have included below, in more detail, the potential risks in transacting using our Services. You should note that the risks described below are not intended to be exhaustive and are not intended to be presented in any assumed order of priority. We ask all the people interested in using our service to take time to carefully read them through and to consider whether transacting on Swipelux website is appropriate in particular circumstances.
The interested people or customers are recommended to seek independent professional advice if they do not fully understand the risks of using our website Services.
Any Digital Token and the software, networks, protocols, systems and other technology (including, if applicable, any blockchain) used to administer, create, issue, transfer, cancel, use or transact in any Digital Token (the “Underlying Technology”) may be vulnerable to attacks on its security, integrity or operation (“Attacks”), including attacks using computational power sufficient to overwhelm the normal operation of a blockchain or other Underlying Technology.
Any Digital Token or Underlying Technology may change or otherwise cease to operate as expected due to a change made to the Underlying Technology, a change made using features or functions built into the Underlying Technology or a change resulting from an Attack. These changes may include, without limitation, a “fork” or “rollback” of a Digital Token or blockchain.
Any Digital Token may be cancelled, lost or double spent, or have its traded price otherwise diminished, due to forks, rollbacks, Attacks, changes to the functions, characteristics, operation, use and other properties of the Digital Token or failure of the Digital Token to operate as intended.
Any Digital Token may be lost if sent to the wrong address (for example but without limitation, if the address is improperly formatted, contains errors, or is intended to be used for a different type of digital token).
You acknowledge that there are risks associated with utilizing an Internet-based system including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Swipelux shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when acquiring any digital asset via the Services, howsoever caused.
The regulatory status of Digital Tokens and assets are unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate these. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect any of the Digital Tokens or Assets. Therefore, these digital Token and/or Assets hence may be securities or be otherwise regulated under the laws of certain jurisdictions. Swipelux may cease offering Services in respect of any of the Digital Tokens or prohibit use of the Services in or from certain jurisdictions in the event that governmental actions make it unlawful or commercially undesirable to continue to offer such Services in respect of any Digital Token.
The risks described in this Risk Disclosure Statement may result in loss of Digital Tokens, decrease in or loss of all value for Digital Tokens,and other financial losses. The user hereby accepts and agrees that Swipelux will, at all times, have no responsibility or liability for such risks. The user hereby irrevocably waive, release and discharge any and all claims, whether known or unknown to them, against Swipelux and their respective directors, members, officers, employees, agents and contractors related to any of the risks set forth herein.
The user represents and warrants that have: (a) the necessary technical expertise and ability to review and evaluate the security, integrity and operation of any Digital Tokens that decides to acquire; and (b) the knowledge, experience, understanding, professional advice and information to make own evaluation of the merits and risks of any Digital Token. The user accepts the risk of acquiring Digital Tokens by using the Services, and is responsible for conducting their own independent analysis of the risks specific to the Digital Tokens and the Services. The user should not acquire any Tokens unless they have sufficient financial resources and can afford to lose all value of the Digital Tokens, or suffer substantial losses.
Swipelux’s decision to support transfers any particular Digital Token through the Services does not indicate Swipelux’s approval or disapproval of the Digital Token or the integrity, security or operation of the Digital Token or its Underlying Technology and Swipelux does not in any way make any representation or warranty as to any Digital Token supported or not supported by the Services. The risks associated with Digital Tokens apply notwithstanding Swipelux’s decision to provide Services in respect of a particular Digital Token, and risks of all such will be wholly the users and the users alone to bear.