1. General Statement
Participation in blockchain-based platforms involves substantial risk. Before using Melody, you should carefully review this Risk Disclosure. By accessing or using the platform, you acknowledge and accept these risks.
2. Digital Asset Price Volatility
Digital assets are highly volatile. Prices may fluctuate significantly due to market demand, regulatory changes, technology developments, speculation, and other factors. You may lose all value of your assets.
3. Smart Contract Risk
Melody relies on smart contracts. Smart contracts may contain bugs, vulnerabilities, or design limitations that could lead to loss of assets, unexpected outcomes, or disruptions.
4. Blockchain Network Risk
The platform depends on third-party blockchain networks that may experience congestion, outages, forks, or rule changes. These events may affect functionality or asset availability.
5. Irreversible Transactions
Blockchain transactions are irreversible once confirmed. You are solely responsible for verifying addresses, amounts, and details before submitting transactions.
6. Regulatory and Legal Risk
Digital asset regulation is evolving and varies by jurisdiction. Regulatory actions may restrict access, impact asset value, or require service changes. Melody may restrict or discontinue services in certain jurisdictions.
7. Third-Party Project Risk
Melody may list or facilitate third-party token issuance. Melody does not guarantee legitimacy, security, utility, or success of third-party projects. You must perform your own due diligence.
8. Wallet and Key Management Risk
You are responsible for securing your wallet and private keys. Loss, theft, or compromise of keys may result in permanent loss of assets. Melody cannot recover private keys or reverse transactions.
9. Technology and Availability Risk
The Services may experience bugs, outages, performance issues, or infrastructure failures. Availability may be interrupted without notice.
10. Liquidity Risk
Some digital assets may have limited liquidity. You may be unable to buy, sell, or exit positions at desired prices or at all.
11. Responsibility and Independent Assessment
You are responsible for evaluating risks, conducting independent research, and seeking professional advice when needed. Your use of Melody is voluntary and at your own risk.
12. Acceptance of Risk
By using the platform, you acknowledge that you understand the above risks and agree that Melody is not liable for losses arising from these risks to the maximum extent permitted by law.
