AIM RISK DISCLOSURE STATEMENTS / DISCLAIMERS GENERAL DISCLOSURES
1. Digital assets constitute a rapidly changing and unpredictable environment with an endless number of variables and factors which are outside of your control and our control. New risks emerge at every moment, which creates market risk and uncertainty. We are not responsible for communicating, anticipating or detecting all known and/or unknown risks inherent in the markets.
2. No statements or information presented in any form by aim is intended as fact, and you agree that you will not consider the statements or information presented, as a fact or as a guarantee of future performance. Any and all opinions, news, research, analysis, content, instruction, prices, or other information contained on the platform are provided as general market commentary, and do not constitute investment advice.
3. Actual results, performance or events may differ materially from those contained in the forward-looking statements, marketing information, testimonials, sales material, case studies, communications, videos, content, opinions disseminated by aim or any of its members, owners, investors, employees, advisors, affiliates, board members or officers.
4. AIM makes no representation, warranty, or guarantee as to the quality, accuracy, completeness, performance, or fitness of any alert, article, view, video, information, advice, tool, calculator, analysis, report, data, content news, price, statistic, comment, feedback, advertisement, etc., provided on the Platform / Services.
STAKING SERVICES DISCLOSURES
1. We are not responsible for the market of Digital Assets, and we make no representations or warranties concerning the real or perceived value of Digital Assets. Although we may provide historical and/or real- time data regarding the performance of the Digital Assets delivered by you to AIM under Staking Services, including graphs displayed within the Online Platforms showing the price fluctuations of Digital Assets, and/ any other information, details, and documents, however, such data or graphs or information or details or documents are for reference and general information purposes only and any reliance you place on them is strictly at your own risk and cost. We make no representations regarding the quality, suitability, veracity, usefulness, accuracy, or completeness of such data or graphs or information or details or documents.
2. You understand and agree that we are not in any way responsible or liable for any losses including loss of Digital Assets incurred in relation to the deployment of the Digital Assets delivered by you to AIM under.
3. The Staking Services is not a depository account service and the Digital Assets delivered by you from your Coin Wallet to AIM under Staking Services shall not amount to a deposit of any sort and your Staking Services orders are not protected by any government-backed depositor compensation, insurance or guarantee scheme and is not subject to any statutory deposit insurance scheme or other similar arrangement for your benefit. You agree that your participation in Staking Services does not constitute an investment of any kind, nor a financial product.
STAKING RISKS
AIM may either custodial or non-custodial stake the Digital Assets with a view of getting rewards. These are an indicative summary of some of the risks associated with staking:
1. There exists a significant market risk that during the period for which the said Digital Assets are locked up by way of staking, due to market volatility, the depreciation in the price of the Digital Assets may be greater than the rewards earned by way of staking the said Digital Assets.
2. Running a validator node to stake a cryptocurrency involves technical know-how to ensure that there are no disruptions in the staking process. Nodes need to have 100% uptime to ensure that they maximize staking returns and in case any misbehaviour of any validator node (even if mistakenly), could result in penalties which can affect overall staking rewards. In the worst-case scenario, validators could even have their stake “slashed,” at which point a share of the staked Digital Assets would be lost. While we take utmost care to ensure that validator nodes we deploy on are maintained by large institutional staking service providers, the degradation in performance of these nodes may result in reduction in rewards or partial / complete loss of Digital Asset staked.
3. Most of the Digital Assets are governed by their respective Decentralized Autonomous Organizations (DAO). These DAOs may pass certain resolutions from time to time which may result in slashing of tokens or reduction of rewards distributed or loss of staked Digital Asset. AIM reserves the right to pass on any such losses to users who have delivered the Digital Asset through Staking Services.
4. Some Digital Assets that can be staked come with locked periods during which the staked Digital Assets cannot be accessed. Large volumes of withdrawals of Digital Assets delivered may result in liquidity mismatches for AIM and result in delay in delivery of these Digital Assets to you. Accordingly, there may be a delay in delivering the Digital Assets deployed back to you.
OTHER RISKS AND DISCLOSURES
1. AIM may deploy the Digital Assets to professional asset managers through specially managed accounts and such deployment may include transfer of the Digital Assets to third-party exchanges. While AIM may thoroughly vet such professional asset managers before engaging them, loss of Digital Assets on account of discretionary actions like adverse trade positions and adverse investment decisions taken by such professional asset managers cannot be ruled out.
2. AIM may lend the Digital Assets to counterparties and such lending may be done on a fully collateralized or on an under-collateralized basis. While AIM shall ensure thorough risk management while lending the Digital Assets, loss of Digital Assets on account of default by counterpart cannot be ruled out. Further, situations may arise where due to market volatility, the value of the collateral may not fully cover the loss of Digital Assets.
3. A significant disruption in AIM’s products or services, in AIM’s information technology systems (including a system failure, outage, or interruption, both as to the Online Platforms or a third-party network), or in any of the underlying blockchain networks the Digital Assets, could affect your user experience and/or ability to access your account.
4. There is risk of loss of Digital Assets in the event of disruptions, hacks, forks (i.e., a split in the underlying network(s)), and significant attacks such as a double spend or 51% attack. You acknowledge and understand that there is risk associated with third-party cyberattacks and security breaches, as well as breaches of privacy.
5. You acknowledge that the Digital Assets delivered by you to AIM, may be subject to scams and other types of fraud perpetrated by third parties outside of our control which may result in loss of the Digital Assets.
6. If AIM or the Staking Services were to become subject to any legal or regulatory stipulations then AIM may not be able to service its obligations or be required to modify its obligations to you in relation to the Staking Services. Additionally, various governmental and regulatory bodies may adopt new laws and regulations. The extent, scope, and effect of such new laws and regulations are difficult to predict and may require changes to the Staking Services.
7. The above detailed risks are purely indicative and there may exist risks which are not captured in this Risk Disclosure Statement. You are required to undertake your own independent research and assess your risk appetite prior to opting-in for the Staking Services. Note that AIM reserves the right to pass on any losses to the Users that may be incurred in connection with the Staking Services.