Digital Assets in general are a highly speculative investment so care should be taken. Digital Assets are a relatively new asset class, they are not backed by a sovereign government or nation, in some cases they may be backed by physical or virtual assets and have no physical, easily transferrable form. The Digital Assets allowed on HootDex are solely project based and depend entirely on the public’s willingness to participate in that project. The regulatory framework to date is unsettled for Digital Assets and it is continually evolving. Technological advances and developments as well as other variables that may impact the digital asset markets are currently unpredictable.
Financial Sophistication/Risk Tolerance
Digital Asset Holders should have the financial flexibility, resources, and the risk tolerance for Digital Assets. Allocating a small portion of discretionary funds into any Digital Asset is the wisest choice. The Digital Asset arena is a still a young economy and carry risks that any Digital Asset Holder should become familiar with.
Digital Asset Alternatives and Opinion
HootDex is a Decentralized Digital Asset Swapping System, it does not provide opinions or guidance as it relates to any Digital Asset. The platform does provide an overview of the Digital Asset and the Project, links to the Projects website, their Private Club page which will provide additional due diligence material and engagement with the project leaders for transparency purposes.
No Fiduciary, Custodial or Agency Relationship
HootDex is a Decentralized Digital Asset Swapping System and as such allows Digital Asset Holders to connect their own Self Custody Digital Wallets in order to perform swaps and connect with various projects, HootDex does not act as a custodian of Digital Assets and by using HootDex the Digital Asset Holder acknowledges and agrees that there is no fiduciary relationship, agent relationship or any other special relationship that exist between HootDex and the Digital Asset Holder.
Digital Asset Holder acknowledges and agrees that all swaps are solely at their discretion and that HootDex does not guarantee the performance of any Digital Asset listed on the system.
Assumption of the Risk
Digital Asset Holder acknowledges and agrees that they assume all risks as it relates to swapping digital assets on HootDex. All swapping decisions are based on the Digital Asset Holders own due diligence and judgment. Digital Asset holders “You” represent and warrant that they have all the necessary technology expertise and ability to execute their own due diligence to evaluate the digital asset or digital asset derivative that they intend to acquire or swap. That knowledge of the usage and risk of a digital asset or digital asset derivative is as such that a crystal clear understanding of the full risks and merits involved in either are there.
Digital Asset Derivatives Risk
Digital Asset Holder “You” acknowledges and agrees that they assume all risks as it relates to any digital asset derivatives swapping, acquisitions or trading. Digital Asset Holder warrants that they have the expertise, experience, understanding and risk assumption ability to participate in a digital asset derivative swap, acquisition or trade.
Digital Asset Holder understands that for the protection of HootDex members only Pecu Novus Coins are accepted to participate in any digital asset derivative transaction and all settlements are made in Pecu Novus Coins. All profits and losses are calculated in Pecu Novus coin value and USD. Fiat currency is not supported at this time.
In the future certain stable coins may be able to be swapped for Pecu Novus Coins and vice versa for the purpose of entry or settlement.
Legal or Tax Advice
HootDex does not provide legal or tax advice, it is advised that any Digital Asset Holder that may have tax related questions should contact a tax professional in their country.
Digital Asset Holders acknowledge and agree that the Digital Asset market is volatile, the success of any Digital Asset is dependent in part upon extrinsic economic forces including supply, demand, international monetary conditions, inflation or the expectation of inflation, confidence (or any lack thereof) in the security, project or technological foundation of the Digital Asset, the emergence of competing projects, market acceptance, and an evolving and unpredictable regulatory framework. The impact of these forces on the value of any Digital Asset cannot be predicted.
Digital Asset Holder further acknowledges that the digital asset derivative market is highly volatile and can result in total losses, it is is based on the the asset that it may represent and the value of that asset directly impacts such pricing and value. The activity of an asset, or lack of, will directly impact the digital asset derivative and present volatility, the Digital Asset Holder warrants that they have the knowledge, expertise and financial wherewithal to enter into such transactions.
Changes to this Risk Disclosure
We may update this Risk Disclosure from time to time. We will notify you of any changes by posting the new Risk Disclosures on the Site. You are advised to review this Risk Disclosures periodically for any changes and adjust cookie settings as needed.
This Risk Disclosure was last updated: November 1, 2022.
If you have any questions about our Risk Disclosures, please contact the website administrators.
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