Risk Warning

1. General Terms

1.1 Ensuring regulatory compliance and user safety is always our top priority. These risk disclosure statements (“Statements”) are intended to inform you of the risks involved in using nodexx services. It is important to note that each nodexx service carries its own unique risks. These Statements outline the potential risks that may arise from using nodexx services. All capitalized terms used in these Statements shall be defined in accordance with the User Agreement (https://www.nodexx.co/zh-CN, “User Agreement”). nodexx and/or any of its affiliates or related legal entities are referred to as “we” or “our.”

1.2 These Statements do not comprehensively detail all potential risks, nor do they specify how these risks may relate to your personal circumstances. It is crucial that you fully understand the inherent risks before choosing to use our services. Additionally, we recommend that you carefully read the terms and conditions applicable to each specific product or service. By accessing our site or services and conducting any transactions with us, you acknowledge and agree that you have accepted all related risks.

2. Technical Risks

2.1 Digital assets themselves face heightened risks from cyber threats. Although we have implemented extensive measures to protect digital assets and safeguard the platform against cyberattacks, we cannot completely eliminate security risks. We may encounter sophisticated cyberattacks, unexpected surges in activity, or other operational or technical difficulties that could cause service interruptions.

2.2 You remain responsible for maintaining the confidentiality and security of your account information. You are liable for all transactions conducted under your account, whether or not authorized by you. The nature of digital asset transactions means they may be irreversible; therefore, any losses resulting from fraud or unauthorized transactions may be unrecoverable.

3. Digital Assets & Market Risks

3.1 Given the uniqueness of digital assets and the technologies they rely on, users should be aware of the following risks (including but not limited to):

(a) The prices of digital assets are highly volatile and may experience significant fluctuations. Such volatility can be influenced by various factors, including market demand, regulatory developments, macroeconomic trends, investor sentiment, technological advancements, and geopolitical events.

(b) Digital assets or the technologies and economic systems they depend on may experience failures, defects, hacking, exploitation of vulnerabilities, errors, protocol failures, or unforeseen circumstances. These events may impair the functionality, security, or value of digital assets.

(c) Delays in blockchain networks may result in transactions not settling on the scheduled delivery date, affecting the timely execution of contracts and debt settlements.

(d) Rapid technological advancements may render certain digital assets obsolete, thereby reducing their utility and market value.

(e) Digital assets purchased and held in nodexx accounts are not covered by any external investor compensation, client asset protection, deposit protection, insurance, or similar programs, thus posing a higher risk of financial loss in the event of breaches or other adverse events.

(f) If developers propose changes to the software of a digital asset that are incompatible with the original software, and a sufficient number of users and miners choose not to migrate to the updated software, a hard fork may occur. This will result in two parallel versions of the digital asset network running simultaneously and may cause a split in the underlying blockchain, affecting the demand and price of the digital asset.

(g) Attacks on the protocols or technologies supporting digital assets may compromise their security, integrity, and functionality, potentially causing losses to investors and users.

(h) Certain addresses on blockchain networks may hold substantial shares of the circulating assets on that network. If one of these addresses exits its holdings, it could cause volatility and adversely impact asset prices.

(i) Digital assets are vulnerable to fraud and cyberattacks, which may result in theft, loss, or damage to the digital assets.

(j) If an entity controls more than 51% of the computing power (hash rate) on a blockchain network, they may execute double-spending of their digital assets. While the likelihood of such attacks on widely adopted networks is low, a successful 51% attack would severely undermine trust in public blockchain networks and could reduce the value of digital assets.

(k) Investing in new types of digital assets or engaging in more complex trading strategies may expose investors and users to new and unforeseen risks. The digital asset market is highly volatile and unpredictable, influenced by speculative interest, rapid price fluctuations, and uncertainty.

(l) Transactions involving digital assets are typically irreversible. Therefore, losses caused by fraud or accidental transactions may be unrecoverable, posing significant financial risks to investors and users.

3.2 Digital asset trading itself carries high risk and is generally unsuitable for most people. You acknowledge that investing in digital assets may result in partial or total loss of your investment. Therefore, we strongly recommend that you determine your investment amount based on your risk tolerance and financial condition. You further acknowledge and understand that digital assets may entail derivative risks. In any uncertain situation, we advise you to consult professional advisors and seek independent professional advice. Besides the risks mentioned above, unforeseeable risks may also arise. Hence, before making any trading decisions, you should carefully consider and use rational judgment to assess your financial situation and the risks described above. Any and all resulting losses shall be borne by you alone, and we disclaim any liability in any form.

4. Counterparty Risks

4.1 Using our services may expose you to counterparty risks in various situations. Such risks may arise, including but not limited to, when market makers or liquidity providers face issues that could cause slippage or impede trade execution. Difficulties or disputes with payment processors may cause delays in processing deposits and withdrawals. Additionally, borrowers failing to fulfill repayment obligations may delay redemption of deposits in certain products.

4.2 In these exceptional and unforeseen circumstances, your positions and your ability to trade or manage positions may be adversely affected. This could lead to various consequences, including but not limited to, trades not completing as expected, unrecoverable trading costs, loss of profits, and inability to buy or sell assets at expected times or prices.

5. No Personal Advice

5.1 nodexx does not provide personalized advice regarding its services. While we may provide data, trading program information, promotional materials, and information about potential risks, the decision to use our services is entirely your own. Any communication or information provided by nodexx should not be interpreted or regarded as investment, financial, trading, or any form of professional advice. You are solely responsible for evaluating whether any investment, strategy, or related transaction aligns with your personal investment goals, financial situation, and risk tolerance.

5.2 nodexx does not act as your agent or advisor and assumes no fiduciary duty or obligation for any trading actions or decisions you make when using our services. We do not monitor whether your use of nodexx services aligns with your financial goals and purposes. You are responsible for seeking independent professional advice and assessing whether activities you undertake through nodexx services are suitable for your financial condition and risk tolerance.

6. No Monitoring

6.1 nodexx is not your broker, intermediary, agent, or advisor, and there is no fiduciary relationship or obligation between us and you regarding any trades, decisions, or activities conducted using nodexx services. We do not monitor or intervene in whether your use of nodexx services aligns with your financial goals and objectives. You need to evaluate on your own whether any activities conducted through nodexx services are appropriate for your financial condition and risk tolerance.

7. Risks in Restricted Areas

7.1 We reserve the right, under applicable local laws, to offer full or partial services only in certain markets and jurisdictions. Therefore, some services and/or certain features within the website may be unavailable or restricted in certain jurisdictions or regions. No nodexx activities, events, contests, or other promotional activities are open to (nor targeted or intended for) users in restricted locations. Users are responsible for reviewing any restrictions and/or requirements imposed by each jurisdiction on access to and use of the website. nodexx reserves the right to modify such restrictions or impose additional restrictions on access and use of services at any time at its sole discretion. For more information, please read our User Agreement. https://www.nodexx.co/zh-CN.

8. No Tax, Regulatory, or Legal Advice

8.1 You are solely responsible for determining, reporting, and fulfilling any tax obligations related to transactions conducted on our website. You acknowledge and accept that nodexx does not provide any legal, financial, or tax advice regarding any transactions. If you have any uncertainties about your tax responsibilities or the status of digital assets held in your account during your use of our services, you should seek independent professional advice.

8.2 You acknowledge that failure to comply with any tax authority requirements within prescribed deadlines may result in nodexx withholding taxes, which we may remit to relevant tax authorities in accordance with applicable laws. It is strongly recommended that you seek comprehensive professional tax advice before conducting any transactions.

9. Liquidity Risks

9.1 Digital assets may have limited liquidity, which could make it difficult or impossible for you to sell or close positions when desired. This situation can occur at any time, including during periods of rapid price changes.

10. Third-Party Risks

10.1 Third parties such as payment providers, custodians, and banking partners may be involved in providing nodexx services. You may be required to comply with the terms and conditions of these third parties, and nodexx may not be responsible for any losses these third parties may cause you.

11. Communication Risks

11.1 When you communicate with us electronically, you should be aware that electronic communications may fail, be delayed, be insecure, or may not reach their intended destination.

12. Currency

12.1 Exchange rate fluctuations between different currencies may also affect your losses and gains.

13. Legal and Regulatory Risks

13.1 Most digital assets operate without centralized management and are generally not recognized or supported by any government entity or regulatory authority. Changes in legislative and regulatory frameworks may significantly impact the valuation of digital assets. This risk is characterized by unpredictability and may vary between markets.

13.2 In certain jurisdictions, digital assets may not be classified as “property” under relevant laws and regulations. Such classification may affect the characteristics and enforceability of individuals’ rights and interests in digital assets.

13.3 Legislative and regulatory changes may negatively impact or impose restrictions on the use, transfer, trading, and valuation of digital assets (where applicable) and may affect our ability to provide services in specific jurisdictions. Changes in legal and regulatory environments may occur suddenly and without prior warning.

13.4 nodexx reserves the right to terminate services at any time at its sole discretion. nodexx shall not be liable for any losses arising from such termination, including losses incurred from closing positions at unfavorable market prices or being forced to liquidate positions.

14. Fees and Charges

14.1 We reserve the right to modify, revise, or update fees and charges applicable to services at any time without prior notice. You are responsible for understanding, reviewing, and comprehending all fees and charges that may arise from using the services, as these fees and charges will affect the returns generated from using the services. Continued use of the services after any modification to the fee schedule constitutes your unconditional acceptance of such changes.

15. Availability Risks

15.1 While we aim to provide continuous and uninterrupted access to the website and services, we cannot guarantee that services will be available at any particular time, nor can we guarantee that services will not be affected by unplanned interruptions or network congestion. You may be unable to buy, sell, transfer, send, or receive digital assets when you wish, and we disclaim any liability for any such loss or damage.

15.2 Laws and regulations in different countries/regions may limit the products and services we can legally offer. Therefore, certain products and services and/or certain features within the website (including but not limited to fiat currency services) may be unavailable or restricted in certain jurisdictions or regions, or unavailable to certain users; any activities, user contests, or other promotional activities are also not applicable to restricted users (and are not targeted or intended for restricted users). Users are responsible for understanding and complying with any restrictions and/or requirements imposed by each jurisdiction on access to and use of the website and services. We reserve the right to modify such restrictions or impose additional restrictions on access and use of the website and/or services at any time without further notice.

16. Security Risks

16.1 The nature of digital assets exposes them to high risks of cyber threats, including but not limited to hacking, phishing, ransomware, distributed denial-of-service (DDoS) attacks, malware intrusions, and other forms of unauthorized access or data breaches. Although we make all reasonable efforts to safeguard digital assets and protect the website from cyberattacks, no exchange can completely eliminate security risks. There is no guarantee that existing systems to mitigate cybersecurity threats will always effectively prevent improper access to the website and digital assets.

16.2 You are responsible for maintaining the confidentiality and security of your login credentials, private keys, authentication codes, and other account-related information. You are fully liable for all activities conducted through your account, whether authorized or not. Given the irreversible nature of most digital asset transactions, losses resulting from unauthorized, fraudulent, or accidental transactions may be permanent and unrecoverable. We disclaim any liability for such losses and strongly recommend that you adopt robust security measures to mitigate these risks.

If any additional risk warnings, terms, and/or conditions appear on other pages of our website and are not displayed within this risk warning, you must comply not only with the content specified in this risk warning but also with the additional risk warnings, terms, and/or conditions disclosed on those other pages. Please note that you must acknowledge and accept all risk warnings, terms, and/or conditions disclosed on all pages of the entire website.