Disclaimer of Warranties
You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Website(s) will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output and for maintaining a means external to our site for any reconstruction of any lost data.
We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses, or other technologically harmful material that may infect your computer equipment, computer programs, data, or other proprietary material due to your use of the Website(s) or any services or items obtained through the Website(s) or to your downloading of any material posted on it, or on any website linked to it. Your use of the Website(s), its content, and any services or items obtained through the Website(s) are at your own risk. The Website(s), their content, and any services or items obtained through the Website(s) are provided on an ‘as is’ and ‘as available’ basis, without any warranties of any kind, either express or implied. Neither we nor any person associated with the project makes any warranty or representation with respect to the completeness, security, reliability, quality, accuracy, or availability of the Website(s). Without limiting the foregoing, neither the project nor anyone associated with the project represents or warrants that the Website(s), its content, or any services or items obtained through the Website(s) will be accurate, reliable, error-free, or uninterrupted, that defects will be corrected, that our site or the server that makes it available are free of viruses or other harmful components, or that the Website(s) or any services or items obtained through the Website(s) will otherwise meet your needs or expectations.
We hereby disclaim all warranties of any kind, whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement, and fitness for a particular purpose.
Some jurisdictions do not allow the exclusion of warranties or limitations on the duration of implied warranties, so the above disclaimer may not apply to you in their entireties, but will apply to the maximum extent permitted by applicable law.
The owner of the Website(s) is based in Gibraltar. We make no claims that the Website(s) or any of its content is accessible or appropriate outside of Gibraltar. Access to the Website(s) may not be legal by certain persons or in certain countries. If you access the Website(s) from outside Gibraltar, you do so on your own initiative and are responsible for compliance with local laws.
All content on the Website(s) is for informational purposes of a general nature only and does not address any circumstances of any individual or entity.
Do not construe any such information or material as legal, tax, investment, financial, professional, or other advice. Content on our Website(s) does not represent or constitute any solicitation, inducement, recommendation, endorsement, or offer by the VTBCommunity, the VTBDex, or any third-party service provider to buy or sell any financial instruments.
Nothing here constitutes professional and/or financial advice, nor does any information found on these Website(s) include a comprehensive or complete statement of the matters discussed. Any information, materials, opinions, and/or data set out herein is subject to change anytime without notice. As such, you must place no reliance on fairness, accuracy, completeness, or correctness of any information and materials contained on the Website(s).
You alone assume the sole responsibility of evaluating all merits and risks that are or may be associated with any use of any information or material on the site or coming to any conclusion based on the information and content found on the document. In exchange for using our services, you agree not to hold the VTBCommunity Foundation, the VTBDex, its affiliates, or any third-party service provider(s) liable for any claim for damages arising from any decisions you may or had made based on the available information or content to you on here. In any event, the VTBCommunity and/or its employees, advisors, and representatives are not liable for any loss or damage whatsoever arising or incurred from any use or reliance of these Website(s), its contents, or otherwise arising in connection with.
There are risks associated with investing in crypto. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involves the risk of loss. In addition, loss of principal is possible. Due diligence is the responsibility of each user.
Our Website(s) and services are governed entirely by the Terms & Conditions of the VTBCommunity Foundation. All of the information provided is based on the assumptions, formulations, and operative protocols of the VTB Blockchain and the VTBDex created by the VTBCommunity Foundation, which you can find in the VTBCommunity White Paper.
VTBDex Financial Risk Warning
The VTBCommunity Foundation is the author, owner, and administrator of the VTBDex.com interface that facilitates third-party cryptocurrency exchanges. VTBDex.com is not a cryptocurrency exchange platform, but rather an interface for conducting digital assets exchanges through third-party service providers and exchange platforms such as Polkadot. The VTBCommunity Foundation does not sell digital assets directly to its users in any way or form and does not take profits from the trading activities taking place through its interface.
As described in the VTBCommunity White Paper, the Foundation is the sole custodian of the total VTB token reserve, but it does not own it. The distribution and usage of the tokens in the reserve are fully hard-coded into the VTB smart contract itself. The VTBCommunity Foundation is a non-custodian operator and does not hold or have any control over the tokens owned by the users, nor of the private keys to the users’ wallets. Every user is fully responsible for safeguarding their tokens and private keys to their wallets. Therefore, the VTBCommunity Foundation is unable to provide support to users for mismanagement or maladministration of cryptocurrency wallets and their token portfolios.
Investing inherently involves risks, do so at your own risk.
This VTBDex Financial Risk Warning illustrates potential risks that you may face while using VTBDex.com and all of its associated services, and aims to help you evaluate and determine your own capabilities. Please make sure that you carefully read and fully understand the terms, articles and/or conditions of this VTBDex Financial Risk Warning.
By continuing to use VTBDex.com you hereby acknowledge that you have accepted the risks disclosed under this VTBDex Financial Risk Warning. The VTBCommunity Foundation reserves the right to modify any of the terms of this VTBDex Financial Risk Warning without prior notice. If any of the terms hereunder are unacceptable to you, you should not use VTBDex.com. Cryptocurrency trading is high-risk and speculative, it is important that you understand the risks before you start trading.
The risks of investing with VTBDex.com include, but are not limited to, the following:
1. Price risks:
Prices can and do fluctuate on any given day. This is especially true for cryptocurrency trading – unexpected changes in market sentiment can lead to sharp and sudden movements in price. It is not uncommon for the value of cryptocurrencies to quickly drop by hundreds, if not thousands of dollars. Although the VTBC token does not drop in value, the project’s unique breakpoint would be triggered by a sudden, complete, and irremediable stop of the purchasing demand, as stated in the VTBCommunity White Paper.
2. Regulatory risks:
Cryptocurrency transactions may face policy regulatory risks in certain jurisdictions and may be suspended or prohibited at any time. Therefore, we advise you to make a careful judgment before trading and take the time to understand the policy regulations of your trading region, and evaluate the economic risk of losing the entire investment.
3. Tax risks:
Cryptocurrency trading may be subject to taxation. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in any such jurisdiction(s) in which you may be liable to pay tax. VTBDex shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, income, capital gains, sales, value added or similar tax) which may arise from your participation in the cryptocurrency trading.
4. Region limitation risks:
VTBDex cannot and does not provide services to countries or territories where cryptocurrency trading activities are specially licensed, accredited, or regulated in other ways. You shall check the applicable laws in your region and be fully responsible for any negative impact that may arise from your resident country’s regulations. If you are travelling to any such country, you acknowledge that our services may be unavailable and/or blocked.
Our Services are not offered to persons who are citizens of, incorporated in, have their registered office in, or reside in any Restricted Territory as defined below. To the extent such persons use the Services irrespective of the foregoing, they will be deemed to be subject to the Terms of the VTBCommunity Foundation.
By using the Services, you represent that your actions are not in violation of any applicable export control restrictions. Without limiting the foregoing, you may not use the Services if:
a) You are a resident, national or agent of the United States of America, United Kingdom, Québec (Canada), Alberta (Canada), Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, Bermuda, or any other jurisdiction where the Services offered by VTBDex are restricted;
b) you are a member of any sanctions list or equivalent maintained by the United States government, the United Kingdom government, or by the European Union (“Restricted Persons”) or;
c) you intend to transact with any Restricted Territories or Restricted Persons.
5. Risks of change or termination of service:
The VTBCommunity Foundation may decide to amend the intended functionality of the VTBDex in order to ensure compliance with any legal or regulatory requirements to which the VTBCommunity Foundation is subject. We shall publish a notice on our Website(s) of any changes or modifications to the functionality and it is your responsibility to regularly check our Website(s) for any such notices. We reserve the right to decide whether or not to change the functionality of the Website(s).
6. Risks of cryptocurrency contract trading:
Risks of cryptocurrency derivative contract trading: trading derivative contracts poses additional risks not found with traditional currencies. Cryptocurrencies are associated with substantial price movements, higher market volatility, and more charges or fees. These factors can lead to increased gapping or slippage costs.
Contract trading often employs leverage, which increases exposure to both profits and losses. If the market moves in a direction that opposes your position, you will experience a rapid and significant loss. It is your responsibility to set a stop loss instruction to mitigate your exposure and to avoid forced liquidations. In the case of a liquidation, you will bear all the losses. Please note that once an order is submitted and filed by our trading platform, it is final and irrevocable. You must accept all risks and consequences of your trades.
7. Risk of Third-Party Services:
Some Services on VTBDex (“Third-Party Services”) may be provided by relevant third-party service providers; and unless otherwise provided herein, all Services relating to fiat currency/Digital Assets exchange are provided by relevant third-party service providers. By using any of the Third-Party Services, you agree that you have read, understood, and accepted all of the terms and conditions provided by those service providers.
The third-party services are provided by third-party service providers. All tokenizations of fiat currency or redemptions of digital assets must be made directly between you and those service providers and are subject to the terms and conditions and applicable diligence requirements of those service providers. VTBDex is not responsible or liable for any losses, fees, or damages incurred in connection with any such activities. If you have a dispute with any such service provider and/or your financial institution, you hereby release VTBDex, its affiliates, and other service providers, and each of our or their respective officers, directors, agents, joint venturers, service providers, employees, and representatives from any and all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.
Note that these Terms use the term “Digital Assets” to refer to VTBC, VTBT, EOS, Ethereum (ETH), or any other digital assets, cryptocurrencies, virtual currencies, or tokens that are available for exchange through the third-party service providers that VTBDex operates with.
No developer or entity involved in creating the VTBCommunity protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the VTBCommunity protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value.
The above is a non-exhaustive list. Taking all of the above into consideration, prior to using VTBDex.com for cryptocurrency trading, you promise that you:
a) Are of an age of majority (at least 18 years of age), meet all eligibility and residency requirements, are fully able and legally competent to use VTBDex.com, and thus enter into an agreement with VTBDex – ensuring that in doing so you will not violate any other agreement to which you are a party;
b) Have the necessary and relevant experience and knowledge to deal with and manage cryptocurrencies and blockchain-based systems, with a full understanding of their frameworks and are aware of all the merits, risks, and any restrictions associated with cryptocurrencies and blockchain-based systems, being solely responsible for any evaluations based on such knowledge;
c) Are not a foreign or domestic politically exposed person (PEP);
d) Will not be using VTBDex.com for any illegal activity, including but not limited to, money laundering and the financing of terrorism.
Please note that all data analysis, projections, content, research, tools, and coin symbols are for educational and illustrative purposes only. They do not imply our recommendation or solicitation to buy or sell a particular asset or to engage in any particular investment strategy. Projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature and do not reflect actual investment results or a guarantee of future results. You alone are responsible for evaluating the merits and risks associated with the use of cryptocurrency trading on VTBDex.com. We advise you, to the extent necessary, to consult an appropriate financial adviser, accountant, lawyer, or tax professional prior to engaging in cryptocurrency trading.
We strongly suggest that you take the time to make an informed decision on whether to engage in cryptocurrency transactions and reasonably allocate digital assets according to your own financial situation.
The terms used in this VTBDex Financial Risk Warning shall have the same meanings as in the VTBCommunity.org and VTBDex.com Terms & Conditions, except where stated otherwise.
Comments and Concerns
The Website(s) are operated by us. All other feedback, comments, requests for technical support, and other communications relating to the Website(s) should be directed to https://vtbcommunity.org/contact.