DISCLOSURE STATEMENT

Transactions involving Digital Assets (as defined in the Terms of Use) carry significant financial risk. You should not use any digital assets that you are not willing to lose completely.

This Risk Disclosure Statement discusses some of the major risks associated with Digital Asset transactions, but it does not and cannot describe every risk or consideration associated with holding, trading, buying, or engaging in any other Digital Asset transactions. This Risk Disclosure Statement is a part of the Terms of Use and makes use of certain terms defined there.

The following are some of the risks associated with digital asset transactions:

1. High price volatility
Digital Assets’ value is entirely determined by market forces of supply and demand, and they are far more volatile than most traditional fiat currencies and commodities.

2. Legal Risk

The legality of Digital Assets, trading in them, purchasing them, or possessing them may be unclear and vary according to the laws of various jurisdictions around the world. This means that the legality of transacting in Digital Assets is not always clear. The extent to which a Digital Asset may be considered property, an asset, or a right of any kind may differ from jurisdiction to jurisdiction. You are responsible for understanding how the laws that apply to You or your property, rights, or assets limit, regulate, and tax the Digital Assets that You use.

3. Limited Supervision 

The majority of Virtual Assets markets are unregulated and unsupervised by any relevant authorities. There is no centralised authority or entity that can take measures to protect the value of a Digital Asset or adjust its supply in the event of a crisis.

4. Irreversible transactions

Transactions with Digital assets may be irreversible due to their decentralised nature, and as a result, losses due to fraudulent or accidental transactions may not be recoverable. SwapWolf will only process Digital Assets that are transferred as part of a transaction made through the Website or API (or other SwapWolf-managed tools) to the address specified in the course of such transactions. SwapWolf accepts no liability for any unintentional transaction, including but not limited to any transfer to an incorrect or inactive cryptocurrency wallet address, even if such an address has previously been used for previous User transactions. However, upon the User’s request, SwapWolf will make every effort to assist Users in tracking accidental transactions within six (6) months of the transaction date and will encourage all efforts to return such Digital Assets to the owner if technically possible. All claims served prior to the expiration of the specified period will be ignored. The User is responsible for paying all fees associated with return transactions.

Open source software powers some blockchain networks. When developers release a change to that software and a significant majority of miners agree to the change, the change is implemented and the blockchain network continues uninterrupted. However, if a change is introduced with less than a substantial majority agreeing to the proposed modification, and the modification is incompatible with the software in operation prior to its modification, the result is a “fork” (i.e. a split) of the blockchain. The pre-modification software would maintain one blockchain, while the post-modification software would maintain the other. As a result, both blockchains would operate concurrently but independently.5. The blockchains that Digital Assets operate on may fork temporarily or permanently.

6. Internet Dependence

The risks of using internet-based transaction execution software include, but are not limited to, hardware and software failure. SwapWolf keeps an independent and secure ledger of all transactions to reduce loss and maintains contingency plans to reduce the possibility of system failure; however, SwapWolf has no control over signal power, reception, internet routing, the configuration of Your equipment, or the reliability of Your Internet connection. Any of the foregoing failures may result in Your transaction not being executed according to Your instructions, or not being executed at all. There are examples of such forks occurring in the past, and such a fork could occur again in the future, affecting the viability or value of a Digital Asset. In the event that such forks occur, SwapWolf may receive “splitted” Digital Assets (Digital Assets that may be created as a result of the fork) from the transaction that is not covered by the Terms of Use. SwapWolf shall not be held liable in any way for such “split” Digital Assets (tracking such transaction/storage/return or transfer of such assets to the sender) in the eyes of any User or third party. Nonetheless, SwapWolf will make every effort to assist Users in tracking such “split” Digital Assets within six (6) months of the fork, and will encourage all efforts to transfer such Digital Assets to the owner if technically possible. All claims served prior to the expiration of the specified period will be ignored. The User is responsible for paying all fees associated with return transactions.

7. Unforeseen Risks

Digital assets and blockchain technology are both relatively new technologies. In addition to these risks, there are additional risks associated with Your acquisition, storage, transfer, and use of any Digital Asset, some of which we may not be able to anticipate. These risks may manifest as unanticipated variations or combinations of these risks.

Affiliate Disclosure

We blog about blockchain, cryptocurrency, cryptocurrency exchanges, NFT, blogging, SEO, making money online, social media, and affiliate programmes such as crypto exchanges and so on. We always believed in internet transparency, so we disclose that We’ve included certain products and services links to those products on this website for which we will earn an affiliate commission if you make a purchase. 

Our goal with this blog is to assist and educate everyone on the best opportunities for a blogger in virtually any field. There are a plethora of products and services related to blogging and making money online available on the internet. We only promote products and services that we have personally investigated and believe will provide you with genuine value.

Why we are disclosing on about this?
Because all of the information on this blog is genuine and we believe it is the right thing to do.

If you have any questions about the foregoing, please do not hesitate to contact us via the contact page.

Thanks.