A. General provisions
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This Risk Disclosure Statement aims to inform you of the major risks involved in using Toobit Event Contract services and to help you make a full assessment before making any investment decisions.
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This Risk Disclosure does not constitute investment advice, financial advice, trading advice, or any form of guarantee. You must decide whether to engage in trading based on your own circumstances and bear all related risks independently.
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This Risk Disclosure does not cover all possible risks and is not tailored to your individual circumstances. You should consider your own investment objectives, financial situation, and risk tolerance when deciding whether to use Toobit services.
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By using Toobit Event Contract services, you acknowledge that you understand and agree to bear all associated risks.
B. No Personal Advice
Toobit does not provide personalized investment, legal, or tax advice. Toobit may offer procedural information and risk overviews related to trading, but these do not constitute any form of advice. All decisions are made solely by you.
C. No Monitoring
- Toobit is not your broker, intermediary, agent, or advisor, and no fiduciary relationship or obligation exists between you and Toobit regarding any trades, decisions, or activities conducted through
- Toobit services. We do not monitor whether your use of Toobit services aligns with your financial objectives or goals. You are solely responsible for assessing whether any activities conducted via
- Toobit services are appropriate given your financial situation and risk tolerance.
D. No Tax, Regulatory, or Legal Advice
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You are responsible for understanding and fulfilling any applicable tax, legal, and regulatory obligations.
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Toobit is not liable for any losses or liabilities arising from your failure to comply with such obligations.
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Toobit may be required by law to disclose information to regulatory or tax authorities or to withhold and remit relevant taxes.
E. Key Risk Categories
1. Market Risk
Digital assets are highly volatile; prices may rise or fall sharply within a short period, potentially causing you to lose part or all of your investment. Past performance does not guarantee future results. For more information about digital assets, please visit: https://www.toobit.com/zh-TW/academy
2. Counterparty Risk
When using Toobit services, you may face counterparty risks in various situations, including but not limited to:
- Market makers or liquidity providers experiencing issues, potentially leading to slippage or failed trade execution;
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Payment processor failures or disputes causing delays in deposits and withdrawals;
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Borrowers defaulting on repayment obligations, potentially delaying certain product redemptions.
3. In such circumstances, your positions and ability to manage them may be adversely affected, possibly resulting in uncompleted trades, unrecoverable transaction costs, lost profits, or inability to acquire or dispose of assets at desired times or prices.
4. Liquidity Risk
Insufficient market depth may result in order execution delays, forced liquidation, or inability to exit positions at ideal prices.
5. System and Operational Risks
System failures, network congestion, hacking, technical bugs, or delays may lead to order failures, settlement delays, or fund losses.
6. Security Risk
Digital assets inherently carry high cybersecurity risks. Although Toobit takes reasonable measures to protect systems and funds, it cannot fully prevent unauthorized access, hacking, or fraud. You are responsible for safeguarding your account information.
7. Risks Related to Digital Assets
Digital assets and their underlying blockchain technology involve inherent risks, including but not limited to:
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System or protocol vulnerabilities, hard forks, attacks, or hacking incidents;
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Irreversible transactions where losses from fraud or operational errors may not be recoverable;
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High concentration of addresses or nodes potentially leading to market manipulation or extreme volatility;
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51% attacks and other network control risks;
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New asset types or complex strategies introducing additional uncertainty.
8. Monitoring Risk
Digital asset markets operate 24/7, and prices may fluctuate rapidly at any time, including outside normal working hours.
9. Communication Risk
Electronic communications may experience delays, failures, or interception, affecting order execution or notification delivery.
10. Currency Risk
Exchange rate fluctuations may impact the value and returns of investments denominated in different currencies.
11. Third-Party Risk
Third parties, such as payment providers, custodians, and banking partners, may be involved in delivering Toobit services. You may need to comply with their terms and conditions. Unless explicitly stated otherwise, Toobit is not liable for any losses arising from services provided by such third parties.
12. Legal and Regulatory Risk
Regulatory approaches to digital assets and derivatives vary across jurisdictions. Some regions may prohibit or restrict event contract trading. You are responsible for ensuring your use of Toobit services complies with local laws. Legal or policy changes may impact the availability or continuation of Toobit services.
13. Tax Risk
Event contracts may involve tax obligations, and you are responsible for filing and paying any applicable taxes.
14. Force Majeure Risk
Natural disasters, wars, policy changes, or other force majeure events may affect market performance and platform operations.
F. User Acknowledgment
By acknowledging this Risk Disclosure, you declare and agree that:
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You have read and fully understood this Risk Disclosure;
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You understand that event contracts carry high risk and may result in the loss of your entire investment;
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You have the necessary knowledge, experience, and risk tolerance;
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You are solely responsible for any losses arising from trading activities.
