Last updated: 01.07.2023
Crypto Use Warning
This Risk Disclosure ("Disclosure") is provided by Eclipton ("Eclipton," "we," "our," or "us") to inform users ("Users" or "you") of the potential risks associated with the use of our cryptocurrency services ("Services"). By engaging in trading or transactions through our Services, you acknowledge and agree to the terms and conditions outlined in this Disclosure.
1. Risks Arising from Properties of Digital Tokens: Digital Tokens and the underlying technology ("Underlying Technology") used in their administration, creation, transfer, and usage may be susceptible to security breaches and attacks that can compromise their integrity or normal operation, including attacks capable of overwhelming blockchains or other Underlying Technology. Digital Tokens are subject to various risks, including changes in the Underlying Technology, such as forks or rollbacks of blockchains. These risks can lead to rapid depreciation or loss of your investment without prior warning. It is essential to conduct thorough research before making any commitments to comprehend the potential outcomes fully. Caution should be exercised when sending digital tokens, as sending them to an incorrect address may result in irreversible loss. Users are urged to ensure the use of a valid address.
2. Internet Transmission Risks and Error Correction: Use of our Services carries inherent risks, and Users acknowledge that there is no guarantee against hardware failure, software issues, or connection glitches. Eclipton cannot be held liable for any damages incurred as a result of such events.
3. Regulatory Risks: Digital Tokens and assets are challenging to regulate due to their ambiguous status in different jurisdictions. Governments and regulatory bodies may seek to modify existing laws pertaining to these assets. Eclipton reserves the right to discontinue Services in jurisdictions where such activities become unlawful or commercially undesirable.
4. Other: By installing, accessing, and using the Eclipton app on your device, you expressly accept all the risks associated with the statements made in this Disclosure. Users also waive any claims against Eclipton and release us from liability in the event of adverse events or consequences. This Disclosure encompasses potential risks, and Users are urged to thoroughly review it before engaging with our Services to mitigate future complications.
Users represent and warrant that they possess the requisite technical expertise to review the security features of any digital tokens purchased through our service. Users are also responsible for independently analyzing the risks associated with acquiring cryptocurrencies, as any loss or hacking incident could result in substantial costs.
Eclipton's decision to support or not support transfers of specific Digital Tokens through our Services does not imply approval or disapproval of the Digital Token or its Underlying Technology. Eclipton makes no representations or warranties regarding any Digital Token supported or not supported by our Services. The risks associated with Digital Tokens persist regardless of whether Eclipton offers Services for a particular Digital Token, and Users bear all such risks entirely and solely.
By proceeding with the use of our Services, you acknowledge having read, understood, and agreed to the terms and conditions of this Risk Disclosure.