Risk Disclosure

Swapping or trading digital assets on any decentralized or centralized digital asset exchange involves substantial risk and may not be suitable for all users. Before engaging in any digital asset swapping activities on HootDex, please carefully consider the following information.

Investment Risk

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 listed on HootDex are priced based on a composite of global pricing of the digital assets it may represent. Venture related tokens depend entirely on the public’s willingness to participate in that venture.

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. Digital asset regulations may vary widely across jurisdictions. Members are responsible for understanding and complying with the legal requirements of their respective countries concerning digital asset swapping or trading.

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 markets are known for their high volatility. Prices can experience rapid and unpredictable fluctuations, leading to potential substantial gains or losses.

Market Liquidity

Some tokens listed on decentralized digital asset exchanges may have lower liquidity compared to traditional markets. This can result in challenges related to executing swaps at desired prices.

Smart Contract Risk

HootDex operates using smart contracts on the Pecu Novus Blockchain Network and potential additional blockchain networks in the future. While efforts are made to ensure the security and reliability of these contracts, there is inherent risk associated with the technology, including coding errors, vulnerabilities, or unexpected events.

Digital Asset Opinion, Pricing and Education

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 all Digital Assets listed on HootDex to keep members informed. HootDex lists a variety of tokens created on the Pecu Novus Blockchain Network. Members are encouraged to conduct thorough research and due diligence on any token they intend to swap. Go to the HootDex Education Center for more.

HootDex does not endorse or guarantee the accuracy of token information. Pricing of tokens are based on composite global pricing of a digital asset to create the most transparent pricing environment for members.

HootDex encourages members to stay informed, stay vigilant, and regularly review the terms of use and risk disclosure. Visit the HootDex education center and stay up to date with current events in this space. This disclaimer does not constitute financial advice, and users are urged to consult with financial professionals before making swapping or trading decisions on an centralized or decentralized digital asset exchange.

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 on HootDex, HootDex does not act as a custodian of Digital Assets in any capacity 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.

Loss of Assets

Members should be aware that the loss of digital assets, whether due to hacking, unauthorized access, or other security breaches, is a possibility in the digital asset space.  HootDex is self-custody environment so that does mitigate those risks however it is essential that members protect their access key and any keys, passwords or wallet details utilized to connect to HootDex.

Safeguarding private keys and employing secure practices is crucial. The Pecu Wallet has integrated security features that give members the ability to disconnect from HootDex simply. Please refer to www.pecunovus.com for more details.

Decentralized Nature

HootDex operates on a decentralized model, and users have full control over their private and access keys. While this enhances security, it also places the responsibility on members to manage their keys securely. Although HootDex has made all efforts to protect its members, it is ultimately the responsibility of the members to protect their wallets and keys in general.

Technical Issues

Like any online platform, HootDex may experience technical issues, downtime, or disruptions due to enhancements, upgrades or disturbances out of our control. Members should be prepared for such occurrences and understand the platform’s protocols for addressing technical challenges.

Digital Asset Risks

Swapping or Trading digital assets involves risk, and members should only swap what they can afford to lose whether it is on HootDex or any other digital asset exchange. HootDex is not liable for any losses incurred through digital asset swapping on its platform.

Digital Asset Holder “You” acknowledges and agrees that they assume all risks as it relates to any Digital Asset Swapping on HootDex. 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 Coins or approved tokens created on the Pecu Novus Blockchain Network are accepted to participate in any digital asset swap and all settlements are made in PECU Coins. All profits and losses are calculated in PECU Coin USD value. Fiat currency is not supported at this time.

In the future approved regulated stable coins may be able to be swapped for Pecu Novus Coins and vice versa for the purpose of entry or settlement.

By using HootDex, you acknowledge and accept the risks associated with digital asset swapping. It is recommended to start with small amounts, use risk management strategies, and seek advice from financial professionals if needed.

Token Listing and Due Diligence

HootDex lists a variety of tokens created on the Pecu Novus Blockchain Network. Members are encouraged to conduct thorough research and due diligence on any token they intend to swap. HootDex does not endorse or guarantee the accuracy of token information. Pricing of tokens are based on a composite global pricing basis of a digital asset to create the most transparent pricing environment for members.

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.

Swapping or Trading digital assets involves risk, and users should only swap what they can afford to lose whether it is on HootDex or any other digital asset exchange. HootDex is not liable for any losses incurred through digital asset swapping on its platform.

Volatility

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 market is highly volatile and can result in total losses. The activity of an asset, or lack of, will not directly impact the pricing of SynthCryptos, CryptoPairs, Wrapped Tokens or HedgeTokens, it does directly impact VentureTokens as they are purely based on supply and demand in a liquidity pool and not a composite of global pricing, Digital Basket Tokens “DBT” pricing is purely based on the digital assets held in a particular managed locked account. The Digital Asset market in general can present extreme 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

Please note that the contents of this disclaimer are subject to change, and users are advised to review it regularly for updates.

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.

By continuing to use HootDex, web, mobile web or mobile app versions, you confirm that you have read, understood, and accepted the terms of this disclaimer.

This Risk Disclosure was last updated: January 12, 2024.

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If you have any questions about our Risk Disclosures, please contact the website administrators.