By using the Services via the Platform, you may be exposed to certain risks, which are explained in this Risk Statement (the “Statement”). The Statement is directly related to the Terms of Service (the “Agreement”) of GreatIdee AG, a virtual asset service provider incorporated under the laws of the Republic of Lithuania (referred to as “we”, “us” or “our”). This Statement and other related documents form an integral part of the Agreement and are legally binding. Please read this document carefully.

1. General Risk Disclosure

This Statement provides information regarding the risks associated with the Services, which may be provided by us or our partners. The Services involve a significant degree of risk and may not be suitable for every individual, whether a natural person or a legal entity.

2. No Exhaustive Disclosure

This Statement is intended to provide general information about the risks related to the use of the Services. It does not constitute an exhaustive disclosure of all possible risks. Additional risks may exist that are unknown or considered insignificant at the time of publication. This Statement does not take into account your personal circumstances, financial situation, or risk tolerance and should not be considered a definitive evaluation of all risks.

3. Specific Risk Factors

3.1. Digital Asset Risk
Digital assets are based on technology and trust. They are generally decentralized, not legal tender, and not backed by any government or central authority. Their value is determined by market consensus and may be driven largely by speculation, with limited use in retail or commercial markets.

3.2. Market Volatility Risk
The value of digital assets is highly volatile. Buying, selling, or holding digital assets involves significant risk. Transactions submitted to a digital asset network cannot be reversed or cancelled once initiated. We do not control or operate such networks and are not responsible for transaction errors resulting from incorrect information provided by you.

3.3. Internet and Protocol Risk
The use of the internet and blockchain protocols involves inherent risks, including delays, transmission errors, interruptions, security breaches, and protocol changes. Underlying protocols are typically open-source and may change, fork, or fail, which may result in loss of functionality or value.

3.4. IT and Cybersecurity Risk
Digital assets and related Services are subject to cybersecurity risks, including hacking, malware, viruses, and other malicious attacks that may disrupt Services or result in loss of digital assets.

3.5. Payment Rejection Risk
Digital asset transactions may be rejected due to AML, compliance, or regulatory requirements. Rejected transactions may be returned to the original sender after deduction of applicable fees, which may differ from standard transaction fees.

3.6. Price and Liquidity Risk
Digital asset markets may suffer from low liquidity and extreme price fluctuations. There is no guarantee that a market will remain liquid or that any digital asset will retain value in the future.

3.7. Fraud and Misuse Risk
Due to the pseudonymous nature of digital asset transactions, digital assets may be misused for illegal activities. Investigations by authorities or actions by malicious actors may adversely affect your assets or access to Services.

3.8. Third-Party and Counterparty Risk
Certain Services may rely on third-party providers. Such parties may experience insolvency, operational failures, security breaches, or contractual defaults. We are not liable for losses resulting from third-party actions or omissions.

3.9. Legal and Regulatory Risk
The legal and regulatory framework for digital assets is evolving and may change across jurisdictions. Regulatory changes may restrict or prohibit certain activities, require Service modifications, or negatively impact the value or availability of digital assets.

3.10. Market Structure Risk
Digital asset markets are relatively new, decentralized, and unregulated. They are driven solely by supply and demand and may experience sudden decline or cessation. Past performance is not indicative of future results.

3.11. Business Continuity Risk
The Services may evolve, be modified, suspended, or discontinued. Increased competition, technological change, or reduced adoption may affect Service availability, development, or viability.

3.12. Other Risks
Additional risks may exist beyond those described in this Statement and may arise from external factors beyond our control.

4. Third-Party Services

This Statement does not cover risks associated with third-party websites, platforms, or services. You are solely responsible for reviewing and understanding the risks related to any third-party services you choose to use.

5. Acknowledgement of Risk

By using the Services, you confirm that you have conducted your own assessment, understand the risks involved, and accept full responsibility for any potential losses arising directly or indirectly from your use of the Services.