ℹ️Risk Disclaimer

Risk Disclaimer

Sea Evolution LTD

Tech Company in British Virgin Islands

Oct 19, 2023

This document serves as a comprehensive Risk Disclosure ("the Disclosure") pertinent to the engagements and operations associated with the platform ("the Platform"). By utilizing the Platform's services, you, the user, hereby acknowledge and accept the potential risks, responsibilities, and liabilities outlined below. Other terms, such as the general Platform Terms and Conditions is integrated by reference.

1. General Acknowledgment of Cryptographic and Blockchain-based System Risks

Upon accessing or executing transactions on the Platform, you willingly recognize the intrinsic vulnerabilities native to cryptographic and blockchain-driven systems. These vulnerabilities encompass technological uncertainties, potential system malfunctions, and unforeseen digital anomalies. Additionally, the digital nature of our operations exposes the Platform to a myriad of cyber threats, including but not limited to hacking attempts, phishing scams, malware attacks, and other forms of cyber-espionage. While our team strives to preemptively counteract these threats, it is essential to understand that some challenges, both technical and non-technical, might lead to unforeseen transactional delays or operational hitches, some of which may lie outside the Platform's direct control.

2. Risks Pertinent to Digital Asset Markets and Volatility

The realm of digital assets is notoriously known for its price volatility. Factors contributing to these volatile shifts include rapid demand-supply dynamics, impending or actual regulatory interventions, macroeconomic shifts, and technological innovations or disruptions. For instance, a sudden technological advancement in blockchain can significantly sway market sentiments, leading to abrupt price fluctuations. Similarly, a pivotal regulatory decision in major financial jurisdictions can substantially impact the digital asset's demand-supply equilibrium, affecting its valuation. Thus, while engaging in digital asset transactions, users must be prepared for potential financial losses stemming from these market-driven volatilities.

Engaging with digital assets introduces a set of unique risks. Primarily, the liquidity of certain digital assets may be limited, thus posing challenges when attempting to buy or sell significant quantities. Furthermore, the inherent nature of most digital transactions is their irreversibility. Once a transaction is executed, it typically stands immutable, amplifying the risks tied to inadvertent errors or fraudulent activities. Additionally, the safeguarding of digital assets requires rigorous security protocols. Misplacement or theft of critical data, such as private keys, can culminate in the irreversible loss of assets.

4. Regulatory Ambiguities and Compliance Mandates

The landscape governing digital assets remains fluid and often varies across jurisdictions. As a user, you must be aware that sudden shifts in regulatory stances can introduce unforeseen risks to your digital holdings and transactions. Furthermore, to ensure adherence to global financial standards, users may be subject to sporadic compliance checks, aligning with prevailing regulatory mandates. These checks might encompass Know Your Customer (KYC) procedures, Anti-Money Laundering (AML) protocols, and other compliance verifications.

5. Platform-Specific Contingencies

Despite our unwavering commitment to operational excellence, the Platform may occasionally encounter service disruptions, either due to scheduled maintenance, necessary upgrades, or other unpredictable complications. While every effort is made to minimize such interruptions, users are urged to anticipate potential operational hiccups that might impact their transactions or overall user experience.

In conclusion, this Disclosure aims to furnish users with an exhaustive understanding of the potential risks linked to digital asset engagements on our Platform. All users are encouraged to conduct independent due diligence, solicit professional counsel, and thoroughly peruse all pertinent terms and conditions prior to initiating any transaction. By interacting with our Platform, you confirm your comprehensive understanding, acknowledgment, and acceptance of the risks and responsibilities highlighted in this Disclosure.

6. Third-Party Liabilities and Dependencies

The Platform may, from time to time, rely on third-party services, software, or integrations to deliver its offerings seamlessly. These external dependencies introduce a unique set of risks. For instance, any operational anomaly, security breach, or system malfunction within a third-party system can have a cascading effect on our Platform's functionalities. While we endeavor to collaborate exclusively with reputable and reliable partners, it's pivotal to understand that any disruptions or setbacks faced by these third parties can inadvertently impact our services.

7. Communication Vulnerabilities

Digital platforms, by nature, are heavily reliant on electronic communication channels. These channels, whether they are emails, instant messages, or notifications, are susceptible to interceptions, delays, and other interferences. There's also the potential risk of miscommunication due to technological glitches or human errors. For instance, a crucial transactional confirmation might get mistakenly flagged and redirected to your email's spam folder. Or, a network congestion might delay the delivery of a time-sensitive notification. As a user, you must be cognizant of these communication-related risks and are encouraged to regularly check various communication touchpoints, verify critical information, and reach out to our support team for any clarifications.

8. Legal and Statutory Risks

The realm of digital assets frequently intersects with legal jurisdictions. As a user, you might find yourself at the crossroads of multiple legal frameworks, each with its own set of mandates, restrictions, and compliance requirements. Moreover, the legal stance on digital assets is not uniform globally. What's permissible in one country might be deemed illegal in another. These legal ambiguities can introduce uncertainties and potential liabilities. It's pivotal to stay abreast of the legal landscape pertinent to your geographical location and transactional nature.