Risk Disclosure

Introduction

This Risk Disclosure Notice is intended to inform you of the potential risks associated with using the Homnifi Platform and engaging in transactions involving digital assets. It cannot, however, explain all of the risks associated with using the Homnifi Platform. It is important that you fully understand the risks involved before deciding to engage with our Platform. By using our Platform, you acknowledge and accept the inherent risks involved. Please read this notice carefully.

  1. General Risks

    1. The nature of digital assets such as LYK, sLYK and mLYK can be highly volatile. Market conditions can change rapidly, leading to significant fluctuations in the value of your holdings.

    2. The price of digital assets are influenced by a wide range of factors, including market demand, regulatory developments, technological changes, economic conditions, etc.

  2. Technology and Security Risks

    1. The Homnifi Platform relies on complex technology, which inherently has a risk of system failures, interruptions or other technical issues that could affect your ability to access or use the Platform.

    2. Despite the Platform’s security measures, there is always a risk of unauthorized access, hacking or other security breaches that could result in the loss or theft of your digital assets.

  3. Regulatory Risks

    1. Failure to comply with AML and KYC regulations and provide accurate information or meet regulatory requirements may result in the user not being able to create an account or the suspension or termination of the user’s account.

    2. Many legal fields are evolving constantly, including digital assets regulations. Changes in laws or regulations could impact the legality, operation or value of digital assets and the services Homnifi provides.

  4. Specific Product Risks

    1. Participating in and using any of the featured platforms’ services such as WalleK, Rampstarter, QuantWise and Cloudk 2.0 involves risks, including the potential loss of tokens and the uncertainty of the success of the projects. While the Platform carries out its obligations regarding due diligence, users should also conduct their own due diligence before using the services of any of the aforementioned platforms.

  5. External Apps Marketplace Risks

    1. The External Apps Marketplace offers access to third-party applications. The Homnifi Platform does not control these applications and is not responsible for their functionality, security or compliance.

  6. User Responsibilities

    1. Users are responsible for understanding and assessing the risks associated with digital assets and our Platform. We recommend consulting with a financial advisor if you are unsure about the risks involved.

    2. Users should implement secure practices, including using strong passwords and safeguarding private keys and account information.

  7. No Guarantees of Returns

    1. The Homnifi Platform does not guarantee any returns on investments or holdings of digital assets.

    2. The value of digital assets can rapidly increase or decrease. The Platform shall not be liable if the user is not entitled to use the Platform due to any national or international regulations applicable to the user. It is the sole responsibility of the user to ensure that they are entitled to trade and use the Homnifi service in accordance with their countries’ legislation.

Conclusion

By using the Homnifi Platform, you acknowledge that you have read, understood, and accepted this Risk Disclosure Notice. You are aware of the potential risks and agree to use our services at your own risk.

If you have any questions or concerns regarding this Risk Disclosure Notice, please raise a ticket within the Platform, and our support team will take care of you.

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