RISK WARNINGS

Risks associated with cryptocurrency.

We would like to draw your attention to the risks which you may face while dealing with cryptocurrency.

The value of crypto assets can be extremely volatile and unpredictable, which can result in significant losses in a short time, incluf-ding possibly a loss of total value. The price and liquidity of crypto assets has been subject to large fluctuations in the past and may be subject to large fluctuations in the future. Buying and selling crypto assets is inherently risku, and you should consider the risks before deciding, to buy or sell crypto assets, including those provided in our risk dosclosures and state disclosures sections below.

Legal risks

(1) Cryptocurrency payments do not come with legal protections. Credit cards and debit cards have legal protections if something goes wrong. For example, if you need to dispute a purchase, your credit card company has a process to help you get your money back. Cryptocurrencies typically do not come with any such protections.

(2) Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can get your money back ONLY if the person you paid sends it back. Before you buy something with cryptocurrency, know the seller’s reputation, by doing some research before you pay.

(3) Cryptocurrencies aren’t backed by a government or central bank. Unlike most traditional currencies, such as the Polish zloty or euros, the value of a cryptocurrency is not tied to promises by a government or a central bank.

(4) If you store your cryptocurrency online, you don’t have the same protections as a bank account. Holdings in online wallets are not insured by the government like Polish bank deposits are.

(5) No one can guarantee you’ll make money off your investment. You should act with utmost care if someone promises you a guaranteed return or profit, it is likely to be a scam.

Market risks

(1) A cryptocurrency’s value can change constantly and dramatically. An investment that may be worth thousands of euros today could be worth only hundreds tomorrow. If the value goes down, there’s no guarantee that it will rise again.

(2) Past performance is not an indicator of future performance.

Digital Asset prices on the secondary market are driven by supply and demand and may be highly volatile. 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.

Other risks

(3) The Digital Asset industry is subject to systemic and systematic risk. Systemic and systematic risks are both threats to the Digital Asset markets and economy, but the cause of these risks and the approaches for managing them are different. Systemic risk is the risk that a company or industry-level risk could trigger a major collapse. Systematic risk is the risk inherent to the entire market, which can be economic, sociopolitical, technological, or natural in origin. These risks can affect the prices of Digital Assets.