Risk Disclosure Policy
Last updated: September 2023
It is critical that You understand the risks before purchase or transacting on the Platform. It is important for You to note that the risks described below are not intended to be exhaustive and are not presented in any assumed order of priority. We would like to request that You carefully read them and consider whether such purchase and transacting on the Platform is appropriate in the User's specific circumstances. If you do not fully understand the risks of using Platform, you should seek independent professional advice.
You acknowledge and agree that accessing and using the Platform is at the User’s own risk. Purchase Digital Token pairs carries a significant risk of loss. As a result, You should carefully consider whether such purchase is appropriate for You in light of the User's circumstances, goals, and financial resources.
You understand that there are risks associated with using an Internet-based purchase system, including, but not limited to, hardware, software, and Internet connections failing. You agree that RioEX is not liable for any communication failures, disruptions, errors, distortions, or delays You may encounter while purchasing through the Services, regardless of the cause.
If an order, trade or transfer is on an obvious-error-based (regardless of whether You or We or any other user gains from the error) and/or executed and/or settled on the obvious-error-basis, RioEX may (but is not obliged to), at its option and sole discretion, act reasonably and in good faith to: (a) correct, reverse or cancel any order, trade or transfer; (b) void a trade as if it had never taken place; and/or (c) amend a trade so that its terms are the same as the trade which would have been executed if there had been no obvious error. There is a risk that
You may be prejudiced by any action or omission of RioEX in this regard, and You accept that You have no recourse whatsoever against RioEX.
You understand that the Platform and/or the RioEX Accounts and the Funds held therein may be subject to attacks on their security, integrity or operation, and You acknowledge and agree that RioEX shall not be responsible or liable for any losses resulting from such attack.
You understand and agree that any Digital Token as well as the software, networks, protocols, systems and other technology (including, if applicable, any blockchain) used to administer, create, issue, transfer, cancel, use or transact in any Digital Token (the “Underlying Technology”) may be vulnerable to attacks on its security, integrity or operation (“Attacks”), including attacks using computational power sufficient to overwhelm the normal operation of a blockchain or other Underlying Technology.
You understand and agree that any Digital Token or Underlying Technology may change or otherwise cease to function as expected as a result of a change made to the Underlying Technology, a change made using features or functions built into the Underlying Technology, or a change caused by an Attack. These modifications may include but not limited to, a “fork” or “rollback” of a Digital Token or blockchain.
You understand and agree that any Digital Token may be cancelled, lost or double spent, or have its traded price otherwise diminished, due to forks, rollbacks, Attacks, changes to the functions, characteristics, operation, use and other properties of the Digital Token or failure of the Digital Token to operate as intended.
You understand agree that Platform may not support related side chains or other Underlying Technology of Digital Tokens that are based on a fork, enhancement, or derivative of a different Digital Token or Underlying Technology, even if such is based on a Digital Token that is supported by Platform. Any Digital Token may be lost if sent to the incorrect address (for example but without limitation, if the address is improperly formatted, contains errors, or is intended to be used for a different type of Digital Token).
You understand and agree that we have no control or liability over the delivery, quality, safety, legality, or any other aspect of any Digital Tokens that You may buy or sell to or from a user of the Services. We are not responsible for ensuring that a third-party buyer or seller with whom You transact will complete or is authorized to complete a trade or transaction. There is also no guarantee fund or other arrangement in place to cover or compensate You for any monetary loss suffered as a result of the defaults or insolvency of any other users of the Services.
The User’s Acknowledgment
The risks detailed in this Risk Disclosure Statement may result in the loss of Digital Tokens, a decrease in or loss of all value for Digital Tokens, the inability to access or transfer Digital Tokens, the inability to trade Digital Tokens, the inability to receive any specific utility, access, or benefits available to other Digital Token holders, and other financial losses to You. You hereby accept and agree that RioEX will bear no responsibility or liability for such risks at any time. You hereby irrevocably waive, release, and discharge any and all claims against RioEX and their respective directors, members, officers, employees, agents, and contractors, whether known or unknown to You. You agree that you cannot and will not sue, file a lawsuit, ask for accountability, and claim for compensation RioEX and their respective directors, members, officers, employees, agents, and contractors, for any losses suffered by You as a result of using the Services.