Last Updated: December 22, 2024
1. INTRODUCTION
This Risk Disclosure Statement (“Statement”) outlines significant risks associated with participating in the Hidden Bounty platform (“Platform”) and utilizing its various services, including but not limited to holding and trading $BOUNTY tokens, participating in competitions, and engaging with smart contracts. This Statement is incorporated by reference into the Terms of Service.
2. ACKNOWLEDGMENT
By accessing or using the Platform, you expressly acknowledge and assume the risks described in this Statement. You further acknowledge that this Statement cannot and does not disclose all possible risks associated with cryptocurrency platforms and digital assets.
3. CRYPTOCURRENCY RISKS
3.1 Market Volatility. Cryptocurrency markets are highly volatile and subject to rapid price fluctuations. The value of $BOUNTY tokens and other digital assets may:
(a) Experience significant price volatility;
(b) Decline substantially in value;
(c) Become illiquid or worthless;
(d) Be affected by market manipulation;
(e) Be impacted by external factors beyond the Company’s control.
3.2 Regulatory Risks. Cryptocurrency regulations are evolving and subject to change. Such changes may:
(a) Affect the legal status of digital assets;
(b) Impact Platform operations;
(c) Require operational modifications;
(d) Result in restrictions or prohibitions;
(e) Affect token value or utility.
4. TECHNICAL RISKS
4.1 Blockchain Risks. Use of blockchain technology involves inherent risks, including:
(a) Network failures or congestion;
(b) Mining attacks;
(c) Code vulnerabilities;
(d) Protocol changes;
(e) Fork events.
4.2 Smart Contract Risks. Interaction with smart contracts may result in:
(a) Unintended contract execution;
(b) Contract vulnerabilities;
(c) Technical failures;
(d) Loss of assets;
(e) Transaction reversibility impossibility.
4.3 Wallet Risks. Digital wallet usage involves risks of:
(a) Private key loss;
(b) Unauthorized access;
(c) Phishing attacks;
(d) Hardware failure;
(e) Software vulnerabilities.
5. PLATFORM-SPECIFIC RISKS
5.1 Competition Risks. Participation in Platform competitions involves risks of:
(a) Challenge difficulty exceeding participant capability;
(b) Technical failures during participation;
(c) Competition cancellation or modification;
(d) Reward distribution delays;
(e) Solution verification issues.
5.2 Token Utility Risks. $BOUNTY token utility may be affected by:
(a) Platform development changes;
(b) Technical limitations;
(c) Market conditions;
(d) Regulatory requirements;
(e) Operational decisions.
6. OPERATIONAL RISKS
6.1 Security Risks. The Platform may be subject to:
(a) Cyber attacks;
(b) Security breaches;
(c) Unauthorized access;
(d) Data loss;
(e) System failures.
6.2 Business Risks. The Company’s operations may be affected by:
(a) Financial difficulties;
(b) Personnel changes;
(c) Competition;
(d) Market conditions;
(e) Regulatory environment.
7. FINANCIAL RISKS
7.1 Investment Risks. Participation in the Platform should not be viewed as an investment
and involves risks of:
(a) Complete loss of funds;
(b) Inability to sell or transfer tokens;
(c) Lack of dividend rights;
(d) No ownership interest in Company;
(e) No guaranteed returns.
7.2 Tax Implications. Platform participation may result in:
(a) Taxable events;
(b) Tax reporting obligations;
(c) Uncertain tax treatment;
(d) Multiple jurisdiction taxation;
(e) Tax compliance costs.
8. NO GUARANTEES
8.1 Performance. The Company makes no guarantees regarding:
(a) Platform success or longevity;
(b) Token value or utility;
(c) Competition availability;
(d) Reward distribution;
(e) Technical performance.
8.2 Results. Past performance does not guarantee future results. No representations are
made regarding:
(a) Probability of success;
(b) Reward potential;
(c) Competition outcomes;
(d) Token appreciation;
(e) Platform development.
9. RISK MITIGATION
9.1 User Responsibilities. Users should:
(a) Conduct independent research;
(b) Understand platform mechanics;
(c) Implement security measures;
(d) Monitor account activity;
(e) Maintain secure credentials.
9.2 Investment Limitations. Users should not:
(a) Commit funds they cannot afford to lose;
(b) Rely on Platform participation for income;
(c) Use borrowed funds;
(d) Exceed reasonable risk levels;
(e) Neglect diversification.
10. MODIFICATIONS
The Company reserves the right to modify this Statement at any time. Continued Platform use following modifications constitutes acceptance of updated Statement.
By accessing or using the Platform, you acknowledge that you have read, understood, and accept all risks described in this Statement.
