Risk Disclaimer

Before using any features of our Wallet, website, and prior to purchasing or trading 1Like cryptographic tokens or any other tokens offered by us or third-party service providers, please carefully review the risk factors listed below. Cryptographic tokens carry unique risks, and any of these risks could negatively affect the value of your tokens, as well as your ability to access or transfer them. Purchasing tokens involves significant risk and potential financial loss.

Keep in mind that this Risk Statement does not cover every possible risk.
It is your responsibility to conduct thorough research and seek professional advice to determine whether purchasing and trading tokens is appropriate for your financial situation and risk tolerance.

SUBJECT TO THE TERMS OF OUR CURRENT RULES, WE ASSUME NO LIABILITY FOR ANY LOSSES YOU MAY INCUR DUE TO YOUR USE OF OUR PLATFORM OR FROM PURCHASING, TRANSFERRING, OR UTILIZING TOKENS.

TOKENS ARE HIGH-RISK ASSETS, AND YOU SHOULD ONLY INVEST FUNDS THAT YOU CAN AFFORD TO LOSE.

1. PRICE VOLATILITY

Token prices can fluctuate dramatically due to factors such as, but not limited to: (a) market trends and sentiment, (b) developments in the financial technology sector, (c) advances in technology, (d) economic or political events, (e) adoption rates, (f) institutional involvement, (g) regulatory actions, (h) public perception, (i) trading volume, (j) security breaches, or (k) disruptions in major platforms, including exchanges.

DUE TO THIS VOLATILITY, TOKENS MAY LOSE THEIR ENTIRE VALUE. WE ARE NOT RESPONSIBLE FOR ANY LOSSES RESULTING FROM THE INHERENTLY UNSTABLE NATURE OF TOKENS.

2. CRYPTOGRAPHIC WALLETS

Tokens are stored in cryptographic wallets ("Wallets"), and access to tokens is protected by a private key (such as a passphrase). If you lose access to the private key associated with your Wallet, you may lose access to your tokens permanently.

You are fully responsible for securing your private key and ensuring the security of your Wallet.

WE DO NOT STORE COPIES OF YOUR PRIVATE KEY(S) AND CANNOT ASSIST IN RECOVERING LOST TOKENS DUE TO LOSS OF ACCESS TO YOUR WALLET.

3. PROTOCOLS

Tokens operate on distributed ledgers governed by protocols, which are sets of rules that determine how the tokens function across networks of users.

3.1 Malfunctions and Failures of Protocols

Any malfunction, failure, or abandonment of these protocols could significantly impact the value of tokens and limit your ability to access or transfer them, especially if these protocols rely on widespread participation to function effectively.

3.2 Mining Attacks

Consensus-based mechanisms used to validate token transfers are vulnerable to various attacks, which can compromise the integrity of token transactions and potentially result in loss or misappropriation of tokens.

3.3 Hacking and Security Weaknesses

Tokens may be subject to theft or expropriation by malicious actors through various methods, including hacking, malware attacks, denial-of-service attacks, and other forms of exploitation. Open-source protocols are particularly susceptible to the introduction of security weaknesses, whether intentional or accidental.

WE DO NOT CONTROL THE UNDERLYING PROTOCOLS AND THEREFORE ARE NOT LIABLE FOR LOSSES ARISING FROM PROTOCOL MALFUNCTIONS OR SECURITY ISSUES.

4. LEGAL AND REGULATORY RISKS

The legal and regulatory status of tokens and distributed ledger technology is still developing and varies significantly between jurisdictions. Future legal and regulatory developments could affect your ability to hold or trade tokens, potentially resulting in financial losses.

WE ARE NOT RESPONSIBLE FOR ANY LOSSES ARISING FROM CHANGES IN LEGAL OR REGULATORY FRAMEWORKS APPLICABLE TO TOKENS.

5. TAXATION

The tax treatment of tokens is uncertain and may vary across different regions. It is your responsibility to understand the tax implications of purchasing, holding, or trading tokens, and to comply with any applicable tax obligations.

WE ARE NOT LIABLE FOR ANY TAX LIABILITIES INCURRED BY YOU AS A RESULT OF TRANSACTIONS INVOLVING TOKENS.

6. UNFORESEEN RISKS

There may be additional risks associated with purchasing, holding, trading, or using tokens that are not mentioned in this disclaimer. Unanticipated risks may arise or combine with known risks, resulting in unforeseen outcomes.

THIS RISK STATEMENT DOES NOT COVER ALL POSSIBLE RISKS. WE ASSUME NO LIABILITY FOR LOSSES DUE TO UNFORESEEN OR UNKNOWN RISKS RELATED TO TOKEN TRANSACTIONS, SUBJECT TO THE TERMS OF OUR CURRENT RULES.