TNQ Token

TNQ
RISK WARNING STATEMENT


General Risk Warning


  • How to Interpret This Risk Warning Statement

    • All terms used in this notice, which are defined in the TNQ Token‘s Terms of Use (the “Terms of Use”), have the same meanings and constructions as in the TNQ‘s Terms of Use .


  • TNQ Services

    • This notice provides you with information about the risks associated with TNQ Services. Each TNQ Service has its own distinct risks. This notice provides a general description of the risks when you use TNQ Services.


    This notice does not explain all of risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use TNQ Services.


  • No Personal Advice

    • We do not provide personal advice in relation to our products or services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use our products or services is made by you. No communication or information provided to you by TNQ is intended as, or should be considered, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance.


  • No Monitoring

    • TNQ is 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 undertaken by you using TNQ Services. We do not monitor whether your use of TNQ Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate for your financial activity with us, and your risk appetite in the products and services you use.


  • No Tax, Regulatory or Legal Advice

    • The taxation of Digital Assets is uncertain, and you are responsible for determining what taxes you might be liable to, and how they apply, when transacting through the TNQ Services. It is your responsibility to report and pay any taxes that may arise from transacting on the TNQ Services, and you acknowledge that TNQ does not provide legal or tax advice regarding to these transactions. If you have any doubts about your tax status or obligations when using TNQ Services, or with respect to the Digital Assets in your TNQ Account, you may wish to seek independent advice.

    You acknowledge that, when and where required by applicable legislation, TNQ shall report information regarding your transactions, transfers, distributions, or payments to tax or other public authorities. Similarly, when and where required by applicable law, TNQ shall withhold taxes related to your transactions, transfers, distributions, or payments. Applicable legislation could also prompt TNQ to request additional tax information, status, certificates, or documentation. You acknowledge that failure to respond to these requests within the defined timeframe may result in TNQ withholding taxes, to be remitted to tax authorities as defined by relevant law. You are encouraged to seek professional and personal tax advice regarding the above and before making any Digital Asset transactions.


  • Market Risk

    • Investment in Digital Assets are subject to high market risk. Changes in value may be significant and may occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and any returns can go down as well as up, and you may not get back the amount you invested.


  • Liquidity Risk

    • Digital Assets may have limited liquidity, which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time, including at times of rapid price movements.


  • Availability Risk

    • We do not guarantee that TNQ Services will be available at any particular time or that TNQ Services will not be subject to unplanned service outages or network congestion. It may not be possible for you to buy, sell, store, transfer, send, or receive Digital Assets when you wish to do so.

    There are legal requirements in various countries which may restrict the products and services that TNQ can lawfully provide. Accordingly, some products and services and/or certain functionalities within the Platform may not be available or may be restricted in certain jurisdictions or regions or to certain users and any TNQ campaigns, competitions, or other promotions will not be open to (and are not targeted at or intended for) you if restrictions apply. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to access to and use of the Platform and the TNQ Services in each jurisdiction from which the Platform and the TNQ Services are accessed by or on behalf of users. TNQ reserves the right to change, modify, or impose additional restrictions with respect to access to and use of the Platform and/or the TNQ Services from time to time in its sole discretion without notification.


  • Third-Party Risk

    • Third-parties, such as payment providers, custodians, and banking partners, may be involved in the provision of TNQ Services. You may be subject to the terms and conditions of these third-parties, and TNQ may not be responsible for any loss that these third-parties may cause to you.


  • Security Risk

    • It is not possible for TNQ to eliminate all security risks. You are responsible for keeping your TNQ Account password safe, and you may be responsible for all transactions under your TNQ Account, whether you authorized them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.


  • Risks Related to Digital Assets

    • Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:

    1. faults, defects, hacks, exploits, errors, protocol failures, or unforeseen circumstances occurring in respect of a Digital Asset or the technologies or economic systems on which the Digital Asset relies;
    2. transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;
    3. technological development leading to the obsolescence of a Digital Asset;
    4. delays causing transactions not to be settled on the scheduled delivery date; and
    5. attacks on the protocol or technologies on which a Digital Asset depends, including, but not limited to:
      1. distributed denial of service;
      2. sybil attacks;
      3. phishing;
      4. social engineering;
      5. hacking;
      6. smurfing;
      7. malware;
      8. double spending;
      9. majority-mining, consensus-based or other mining attacks;
      10. misinformation campaigns;
      11. forks; and
      12. spoofing.

  • Monitoring Risk

    • Digital Asset markets are open twenty-four (24) hours a day, seven (7) days a week. Rapid price changes may occur at any time, including outside normal business hours.


  • Communication Risk

    • When you communicate with us via electronic communication, you should be aware that electronic communications can fail, be delayed, may not be secure, and/or may not reach the intended destination.


  • Currency Risk

    • Currency exchange fluctuations may impact your gains and losses.


  • Legal Risk

    • Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market.