RISKS AND DISCLAIMERS
Last updated: March 16, 2022
This website is operated by Interchain Foundation (the " Company", " ClayStack" " we" or " us"). This website is for informational purposes only and therefore, the information and descriptions contained in it are not to be construed as an offering memorandum, advertisement or prospectus. Accordingly, this information is not intended to be a complete description of all terms, exclusions and conditions applicable to the services described in this website.This website and any information or materials contained in it do not constitute the distribution, an offer or solicitation of any kind to purchase or sell any product, security or instrument whatsoever nor should they be construed as providing any type of investment or other advice or recommendations by us, any of our affiliates or third parties to any person in any jurisdiction where such distribution, offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Moreover, the Company does not give investment advice, endorsement, analysis or recommendations with respect to any cryptocurrencies, digital assets, tokens or securities (" cryptocurrencies") or provide any financial, tax, legal advice or consultancy services of any kind. We are not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities effected by you using this website.
This website has not been approved by any regulator. This website is for "professional investors", "accredited investors" or "sophisticated investors" only and not for retail use. We encourage you to consult your professional advisers in respect of any decisions or activities made on the website.
Disclaimer of Warranties
Information contained in this website is current as at the date of publication, may be superseded by subsequent market events or for other reasons, and is subject to change without any notice.
Neither the Company, its affiliates nor any of its or their officers, directors, agents, employees or representatives makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this website or the use of information on this website. We do not make any investment recommendations, and no communication, through this website or in any other medium, is intended as or should be construed as advice or recommendation for any cryptocurrencies offered on or off this website or any other sort of advice.
In addition, we do not warrant that this website will meet your needs, or that it will be uninterrupted, timely, secure or error-free, that defects will be corrected, or that this website or the server that makes it available are free of viruses or other harmful components. Accordingly, we and our affiliates expressly disclaim any liability, whether in contract, tort, strict liability of otherwise, for any direct, indirect, consequential, punitive or special damages arising out of, or in any way connected with, any person's access to or use of this website. This is true even if we or our affiliates have been advised of the possibility of such damages or losses. In addition, we will not be liable to any person for any loss resulting from a cause over which we do not have control.
We may terminate your access to our website for any reason, without prior notice.
Risks inherent in the underlying blockchain network
ClayStack interacts with the protocol deployed on the Ethereum Virtual Machine-compatible blockchain network(s)_ . _ As a result, any malfunction, breakdown or abandonment of such blockchain(s) may have a material adverse effect on ClayStack. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to ClayStack and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain. The smart-contract concept, the underlying software and software platforms, including the blockchain networks, are still in an early development stage and unproven. Although it is very unlikely, the blockchain, as well as any other blockchain, can be attacked which may result in downtime, consensus split, long reorganisation of the chain, 51 percent attack, or other adverse outcomes each of which may lead to complete loss of your assets implemented on such blockchain network.
Risks inherent in the Protocol
ClayStack interacts with the Protocol and when using ClayStack's website you may be exposed to certain risks related to the operation and functioning of the Protocol. The Protocol is complex, the majority of its components and functional elements are risky and experimental. You should not use or interact with the Protocol unless you fully understand how it works and the consequences of transactions carried out with the use of the Protocol. ClayStack derives information from the Protocol, related software and underlying blockchain network(s) in an automated manner, which means that such information is not verified. As a result, such information may not be true, complete, timely, accurate, or sufficient. Furthermore, certain functions within the Protocol may be executed by third parties that may not act in a timely or reliable manner, or as expected or intended, or may fail to act, which can lead to partial or complete loss of your digital assets. The underlying logic of ClayStack and related software may be flawed, defective or impaired, which can result in smart-contracts operating incorrectly or not as expected, or transactions being executed in violation of logic which underpins the smart-contracts, which can lead to partial or complete loss of digital assets used in the transaction.
Risks inherent in the cryptocurrencies
Investing in cryptocurrencies is highly risky and may lead to a total loss of investment. You must have sufficient understanding of cryptographic tokens, token storage mechanisms (such as token wallets), and blockchain technology to appreciate the risks involved in investing in cryptocurrencies.
You should conduct your own due diligence of any issuer or cryptocurrencies and consult your advisors prior to making any investment decision. You are recommended to exercise prudence and trade and invest responsibly within your own capabilities. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance, and you shall be solely responsible for any loss or liability therefrom. You should consult legal or tax professionals regarding your specific situation.
We do not recommend that any cryptocurrencies should be bought, earned, sold, or held by you and we will not be held responsible for the decisions you make based on the information provided by us on this website.
AS WITH ANY ASSET, THE VALUES OF CRYPTOCURRENCES ARE VOLATILE AND MAY FLUCTUATE SIGNIFICANTLY AND THERE IS A SUBSTANTIAL RISK OF ECONOMIC LOSS WHEN PURCHASING, HOLDING OR INVESTING IN CRYPTOCURRENCIES. BY ACCESSING THE WEBSITE AND USING OUR SERVICES, YOU ACKNOWLEDGE AND AGREE THAT: (A) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF CRYPTOCURRENCIES THAT ARE BASED ON BLOCKCHAIN AND CRYPTOGRAPHY TECHNOLOGIES AND ARE ISSUED AND MANAGED IN A DECENTRALIZED FORM; (B) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF THIS WEBSITE AND TRANSACTIONS OF CRYPTOCURRENCIES; AND (C) THE COMPANY SHALL NOT BE LIABLE FOR ANY LOSS OR ADVERSE OUTCOMES.