At $HOOD, your safety and success are our top priorities. We want to make sure you fully understand the risks and responsibilities involved in trading cryptocurrencies and meme tokens. By being well-informed, you can make confident and educated decisions. Here are the key points you need to acknowledge and agree to:
a) Risk Awareness: Understanding the Volatility
You expressly acknowledge and agree that you are fully aware and sufficiently informed that the cryptocurrency or meme token market carries significant risk of loss, which can lead to substantial losses in a very short time, and in the worst-case scenario, result in a TOTAL LOSS of the value of your digital assets or other digital/virtual products.
b) No Guarantees: Profit Expectations and Returns
You expressly acknowledge and agree that, beyond contractual agreements, $HOOD makes no representations, guarantees, or promises of any kind regarding profit expectations, value development, or other returns related to cryptocurrencies or meme tokens.
c) Experienced User: Your Role and Responsibilities
You acknowledge and agree that you are an experienced business person in the field of cryptocurrencies or meme tokens and their economic use. You expressly understand and are willing to bear the economic, legal, tax, and other risks associated with your digital assets or other digital/virtual products. Considering your personal financial situation, financial resources, lifestyle, and monetary obligations, you are financially able to bear the loss of your entire investment in $HOOD’s services without significantly impacting your economic well-being in the event of a total loss.
d) No Advice Provided: Self-Reliance in Decisions
You expressly acknowledge and agree that $HOOD does not provide you with any advice regarding cryptocurrencies or meme tokens.
e) Legal Responsibility: Compliance with Laws
You expressly acknowledge and agree that, under your national laws, regulatory views, or jurisdiction, it may be possible that the acquisition, possession, or trading of digital assets or other digital/virtual products is only legally permissible with permission, or not at all. You are solely responsible for ensuring that the use and exploitation of $HOOD’s services are legally permissible under the applicable law for you.
f) Prohibition of False Statements: Honesty and Legal Compliance
You expressly acknowledge and agree that false or speculative statements or forecasts, or promotion of $HOOD’s services by third parties that could be unlawfully used to spread and promote the use of $HOOD’s services, are false and illegal, and therefore strictly prohibited. You must also refrain from such actions, and any violations will be legally pursued.
g) Disclaiming Third-Party Statements: Independent Judgment Advised
You expressly acknowledge and agree that $HOOD disclaims and does not welcome any statements by third parties about their services. $HOOD advises its customers not to rely on third-party statements, whether positive or negative, regarding $HOOD’s services or the possession or trading of digital assets or other digital/virtual products.
h) No Liability for Success: Achievement Not Guaranteed
$HOOD is not liable for the achievement of the desired success that the user or its users wish to achieve through the use of its services.