Table of Contents
- DaviddTech Services
- Market Risks
- Liquidity Risk
- Staking Risks
- Availability Risk
- No Personal Advice
- No Monitoring
- No Tax, Regulatory, or Legal Advice
- Fees & Charges
- Third-Party Risk
- Security Risk
- Risks Related to Digital Assets
- Monitoring Risks
- Communication Risks
- Currency Risk
- Legal Risk
DaviddTech Services
This notice provides you with information about the risks associated with the services accessible on the DaviddTech platform. Each DaviddTech service has its own distinct risks. This notice offers a general description of the risks when you use DaviddTech services.
THIS NOTICE DOES NOT EXPLAIN ALL OF THE RISKS OR HOW SUCH RISKS RELATE TO YOUR PERSONAL CIRCUMSTANCES. IT IS IMPORTANT THAT YOU FULLY UNDERSTAND THE RISKS INVOLVED BEFORE MAKING A DECISION TO USE DAVIDDTECH SERVICES.
I. Market Risks
Digital asset trading is subject to high market risk and price volatility. The value of digital assets may fluctuate significantly and without warning. Past performance is not indicative of future performance. The value of your investment and any returns can decrease as well as increase, and you may not get back the amount you invested.
II. Liquidity Risk
Digital assets may have limited liquidity, making it difficult or impossible for you to sell or exit a position when desired. This lack of liquidity can occur at any time, particularly during rapid price movements.
III. Staking Risks
When participating in staking via DaviddTech, be aware of risks such as liquidity issues due to restrictions on the transferability of staked assets, and the risk of loss due to penalties or errors in the staking process. This includes risks associated with validator performance, such as downtime, double signing, and other technological failures, which could result in the loss of both staked digital assets and rewards.
IV. Availability Risk
DaviddTech does not guarantee the availability of its services at all times. The platform may experience unplanned outages or network congestion, which may prevent you from buying, selling, storing, transferring, sending, or receiving digital assets when desired.
V. No Personal Advice
DaviddTech does not provide personalized advice related to its products or services. While we may offer factual information or information about transaction procedures and risks, all decisions to use our products or services are made at your discretion. No communication or information provided by DaviddTech should be construed as investment, financial, trading, or any other form of advice. You are solely responsible for determining whether any investment or transaction is appropriate based on your objectives, financial circumstances, and risk tolerance.
VI. No Monitoring
DaviddTech is not your broker, intermediary, agent, or advisor and does not have a fiduciary duty to you. We do not monitor whether your use of DaviddTech services aligns with your financial goals and objectives. It is your responsibility to assess whether your financial resources are adequate for your activity on our platform and consistent with your risk appetite.
VII. No Tax, Regulatory, or Legal Advice
The taxation of digital assets is uncertain, and you are responsible for determining your tax obligations when transacting through DaviddTech. You must report and pay any taxes arising from your transactions on our platform. DaviddTech does not provide legal or tax advice regarding these transactions. If you are uncertain about your tax obligations, you should seek independent advice.
When required by applicable law, DaviddTech may report your transactions, transfers, distributions, or payments to tax authorities and may withhold taxes as required by law. Failure to provide requested tax information within the defined timeframe may result in tax withholding by DaviddTech.
VIII. Fees & Charges
Our fees and charges are outlined on our website [Insert Link]. DaviddTech may update these fees and charges from time to time. Be aware of all costs and charges as they will impact your returns from using DaviddTech services.
IX. Third-Party Risk
Third parties such as payment providers, custodians, and banking partners may be involved in the provision of DaviddTech services. You may be subject to the terms and conditions of these third parties, and DaviddTech is not responsible for any loss caused by these third parties.
X. Security Risk
It is not possible for DaviddTech to eliminate all security risks. You are responsible for safeguarding your account credentials, and you may be held responsible for all transactions under your account, whether authorized by you or not. Transactions in digital assets are often irreversible, and losses due to fraudulent or unauthorized transactions may not be recoverable.
XI. Risks Related to Digital Assets
Digital assets and their underlying technologies carry intrinsic risks, including but not limited to:
- Faults, Defects, and Hacks: Issues such as hacks, exploits, protocol failures, or unforeseen circumstances may affect digital assets or the technologies on which they rely.
- Irreversibility: Transactions in digital assets are typically irreversible. Consequently, losses from fraudulent or accidental transactions may not be recoverable.
- Technological Obsolescence: Rapid technological developments may render a digital asset obsolete.
- Settlement Delays: Delays may cause transactions not to settle on the scheduled delivery date.
- Protocol Attacks: Digital assets are vulnerable to various types of attacks, including distributed denial of service (DDoS), phishing, social engineering, hacking, malware, double spending, consensus attacks, misinformation campaigns, forks, and spoofing.
XII. Monitoring Risks
Digital asset markets operate 24/7, and rapid price changes may occur at any time, including outside of normal business hours.
XIII. Communication Risks
When communicating with DaviddTech via electronic means, be aware that electronic communications can fail, be delayed, may not be secure, and may not reach the intended recipient.
XIV. Currency Risk
Currency exchange fluctuations may affect your gains and losses when trading or holding digital assets.
XV. Legal Risk
Changes in laws and regulations can significantly impact the value of digital assets. This risk is unpredictable and may vary by jurisdiction.
