Connectee provides to the Users the possibility to use the Services
described in the Terms of Connectee. This Risk disclaimer provides the User with information about the risks associated with using the Services provided by Connectee through the Website.
The User uses the Website and the Services at their own risk. The User must carefully consider whether the risks set out in this disclaimer, as well as all other applicable risks, are acceptable to the User prior to using the Website or the Services. Connectee encourages the User to seek professional advice (legal, taxation, financial, technical or otherwise) regarding the User’s particular situation before using the Services. If any of the risks are unacceptable to the User, the User should not use the Services.
At the date, the Website has specific functionality and utility. However, the Website may undergo significant changes over time. Various features of the Website and/or the Services, including its terms and conditions, fees, structure, purpose, algorithm, source codes, infrastructure design and other technical specifications and parameters, may be updated and changed frequently without notice. Connectee may encounter difficulties during development, including financial, resourcing and technical difficulties. Particular features of the Services may never be realised.
Further, while using the Website and/or Services, system errors may occur. Cryptocurrencies, the Website and the Services rely heavily on the internet. However, the public nature of the internet means that either parts of the internet, or the entire internet, may be unreliable or unavailable at any given time. Further, interruption, delay, corruption or loss of data, or the loss of confidentiality in the transmission of data, may occur when transmitting data via the internet.
The User acknowledges that there are risks associated with utilizing a trading system over the internet including, but not limited to, the failure of hardware, software, and internet connections, the risk of malicious software introduction, the risk of third parties may obtaining unauthorized access to information and/or assets (including the User’s Cryptocurrencies) stored on the User’s behalf, cyber-attack, the Cryptocurrency network failure (such as blockchain), computer viruses, communication failures, disruptions, errors, distortions or delays the User may experience when using the Services, howsoever caused, spyware, scareware, Trojan horses, worms or other malware that may affect the User’s computer or other equipment, or any phishing, spoofing or other attack.
Since Cryptocurrency markets are decentralized and not regulated to the degree of investment services then customers using the Services will not fully benefit from the protections available to Users receiving regulated investment services under the so-called MiFID regime. This also means that there is no central bank that can take corrective measure to protect the value of Cryptocurrencies in a crisis or issue more Cryptocurrencies.
Cryptocurrency market is determined only by supply and demand and is often highly unpredictable and volatile. The price of Cryptocurrencies is usually not transparent and highly speculative and susceptible to market manipulation. In the worst-case scenario, the product could be rendered worthless. Past performance is not an indication of future performance. The value of investments of the Users in Cryptocurrencies can go down as well as up. Changes in foreign exchange rates can also cause a decrease or increase in the value of the investments of the User in Cryptocurrencies. Other risk factors affecting the value of an investment or return on investment include, but is not limited to, political, economic, credit and market risks.
Cryptocurrencies are prone to being misused for illegal activities due to the pseudonymity or even anonymity of transactions and investors would be adversely affected if law enforcement agencies investigate any alleged illicit activities (incl. money laundering and terrorist financing). Therefore, Cryptocurrencies should be seen as an asset class subject to extremely high risks and the User should never invest money that the User cannot afford to lose. The User should be satisfied that the Services are suitable for the User in the light of the User’s circumstances and financial position. The User should not invest in Cryptocurrencies and/or use the Services unless the User has the necessary knowledge and expertise, understands its characteristics and exposure to risk. In addition, use of the Services can never be considered a safe investment rather only an investment with a high risk of loss inherently associated with it. The risk of loss in trading Cryptocurrencies can be substantial. The User should be aware that the User may sustain a total loss of the deposited funds.
Blockchain is an independent public or private peer-to peer network and is not controlled in any way or manner by Connectee. Connectee does not own or control the underlying software protocols which govern the operation of Cryptocurrencies available for trading on the Website. In general, the underlying protocols are open source, and anyone can use, copy, modify, and distribute them.
The User will be bound and subject to any changes and/or amendments in the blockchain system and subject to any applicable law which may apply to the blockchain. Connectee shall not be responsible for any failure and/or mistake and/or error and/or breach which shall occur in blockchain or in any other networks in which the Cryptocurrencies are being issued and/or traded. Connectee is not responsible for operation of the underlying protocols and makes no guarantee of their functionality, security, or availability.
No Offer, Recommendation or Solicitation
None of the information contained on the Website constitutes a recommendation, solicitation or offer by Connectee to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. The information and materials on this Website is provided for information purposes only. Certain information contained herein (including financial information) has been obtained from published and nonpublished sources. Such information has not been independently verified by Connectee, and Connectee does not assume responsibility for the accuracy of such information.
The Website is not intended to provide investment advice to nor carry on any other investment services and activities (as defined in the European Union’s Markets in Financial Instruments Directive 2004/39/EC (“MiFID”)).
All statements contained in this Website, any statements made in press release or other publicly available venue and oral statements that may be made by Connectee or its representatives (as the case may be) that are not statements of historical facts constitute "forward looking statements." All statements regarding Connectee’s financial position, business strategies, plans and prospects (incl. revenue and profitability) and the prospects of the industry which Connectee is in, constitute as forward-looking statements.
Some of these statements may be identified by forward-looking terminology such as "aim," "target," "anticipate," "believe," "may," "estimate," "expect," "if," "intend," "may," "plan," "possible," "likely," "project," "should," "would," "will," or similar or synonymous terms.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of Connectee to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. Nothing contained the Website is or may be relied upon as a promise, representation or undertaking as to this the future performance or policies of Connectee. Connectee disclaims any responsibility to update any of those forward-looking statements, even if new information becomes available or other events occur in the future.