TTNEX - Risk Disclosure Statement

Before joining TTNEX to engage in any form of trading activity, you must understand the risk associated with the services offered by TTNEX. You are advised to read and understand major potential risks related to your digital token transactions or ones which might be encountered during the usage of our Services. However, you agree that there is no such intention from our side to prioritize the risks or present them in an order in which they are given below. We advise you to read about all the risks carefully and check whether such risks are applicable to any of your transactions on our platform.

You should seek expert legal advice in case you are not able to understand any of the risks associated with the use of our services.

1. BUSINESS RISKS OF TRADING IN CRYPTOCURRENCIES AND DIGITAL ASSETS

You agree and understand that you are solely responsible for the risk and accompanying loss arising out of use of our Services by you. During the exchange of a digital token pair, you might experience considerable or complete loss. Hence, you should take complete precaution and safety to figure out whether a particular trade on our exchange is profitable for you or not, which primarily depends upon your trading objectives and financial situation. You must also stay aware of the following things :

  • During fund transfer “from” and “to” your account, it is highly possible that you may suffer a total loss of funds. The price at which digital tokens are traded may vary greatly over short time intervals. Hence, there is a possibility that the token price used as a reference by you may go against you due to multiple market-linked factors, including modification in digital token properties, cyber attacks, suspension of trading in a token, the discovery of unlawful behavior and market manipulation, etc.
  • In certain market conditions, it might be impossible for you to Buy/Sell or trade a particular digital token on our exchange due to insufficient market liquidity. TTNEX as a platform never assures and can not be held responsible for the liquidity or availability of the digital tokens for trading.
  • TTNEX reserve its right over the suspension of trading activities for a particular digital token on its platform. In such scenario, you would not be permitted to withdraw these tokens. Once TTNEX revokes the suspension or trading ban from the specific digital token, you shall be allowed to start trading. You can face irreversible financial loss or loss in token value in your TTNEX account due to such suspension activities which are primarily directed at protecting the users and our platform.

The description given here cannot explain or disclose all the business risks associated with the trading of digital tokens on our exchange. Hence, you, as a user, would be solely responsible for understanding or acceptance of any or all kinds of risks that might arise due to your transactions or trading activities on our platform.

You also agree that you will be ready to accept and support any losses in your TTNEX account due to the transaction or trading activities related to digital tokens made by you.

2. RISKS RELATED TO INTERNET-BASED TRADING

You accede that the use of internet-enabled trading activities carries certain risks, including software, hardware, and internet connection problems. Hence, you accept and understand that TTNEX, in any manner, will not be responsible for any transaction delays, interruptions or communication errors during your exchange activities on our platform, regardless of the cause.

If any transaction/order/trade or transfer on our platform is based on a manifest error (regardless of whether such transaction has benefitted you or any other user) from our end, TTNEX may, at its sole discretion, act in good faith and reasonably for:

  • Correcting, Cancellation or Deleting of such order, transaction or transfer;
  • Cancel and Delete the transaction as if it has never transpired.

3. RISKS ASSOCIATED WITH ATTACKS ON THE TTNEX SERVICES OR ITS ACCOUNTS

The funds, accounts or services offered to you by TTNEX might be subject to external data attacks, which might affect the security, integrity or operations of your accounts. You acknowledge that TTNEX, in any case, would not be responsible for resulting losses arising out of such external data attacks.

4. RISKS SPECIFIC TO CRYPTOCURRENCIES & TOKENS AS AN ASSET CLASS

  • Any software network, protocols, systems or other technologies that are used to govern, monitor, transfer, transmit, delete, use or exchange any digital token on our platform might be susceptible to attack on its security, integrity or mode of operation, including attacks that uses sufficient computing power to disrupt the normal functioning of a blockchain or its associated underlying technology.
  • The change in features, functionality, mode of operation, usage or any other properties of a digital token might lead to the loss, deletion, acceleration or reduction in the negotiated price of it. The negotiated price and functioning of a digital token might also get affected due to the external attacks and market constraints.
  • TTNEX might not support any of the core digital token technologies or side chains that are derived based on a coin fork or enhancement or as a derivative of an already existing digital token, even if such token is already supported by TTNEX for trading. The digital token sent to a wrong wallet address by you can be lost and may never be recovered (considering you have entered a wrong wallet address or entered an address that contains errors).

5. COUNTERPARTY RISK

TTNEX, in any manner, is not responsible for the security, legality, quality or any other aspect of digital tokens that you trade on our platform. We are not in a position to guarantee the authenticity of the third-party buyer or seller with whom you carry out a token transaction via our exchange. Furthermore, we do not provide any assurance to indemnify you for any kind of loss suffered as a result of counterparty risk.

You hereby confirm and acknowledge that you have :
  • The necessary experience, knowledge and information base to cross-examine the benefits as well as the risks associated with any of the digital token or any related business ;
  • The required technical proficiency to review or examine the integrity, security or mode of operation of any digital token that you choose to trade, purchase or redeem via our platform.

You also accept and acknowledge that you clearly understand the risk associated with the exchange of digital tokens using our Services and are also ready to take the responsibility of performing an independent risk analysis on your own before trading digital tokens via our platform. You must also do not put yourself in the position of trade until you have a sufficient amount of financial resources, experience and technical expertise to handle all kinds of losses related to digital tokens.

Our decision to engage in the transfer, trade, store or negotiation related to a particular digital token does not mean that TTNEX approves or disapproves the specific token, or its integrity, security, mode of operation or core technology. TTNEX, in any case, does not make any representation or warranties regarding the digital tokens that are supported by the platform for trading. All kinds of risks or legal issues related to the trading of digital tokens apply, despite TTNEX decision to provide services for such tokens. All risks associated with the trading of such digital tokens shall be entirely borne by you.

6. REGULATORY RISKS

Global regulatory environment for Cryptocurrency and Digital Assets is still evolving and is highly uncertain. Predicting the legal status of digital currencies in many countries is very difficult today due to the lack of a proper regulatory framework around them. It is impossible to predict how the government or legal authorities across various jurisdictions are going to regulate digital tokens. Similarly, predicting the changes or modifications in already existing law or regulations related to digital currencies is also difficult.

TTNEX reserves its complete right over prohibiting the user access to our platform for users from certain regions, basis the local government renders cryptocurrencies or specific digital assets as unlawful or, from a commercial point of view, undesirable. The same guidelines have also been given under our Terms of Use Policy, which clearly mentions that you will not use our Services or trade digital tokens via our platform if the same has been prohibited by the law of your country.

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