The following risk disclosure pertains to Kangeroo Coin, a meme coin created and operated by ARMswap UAB, a registered entity in Lithuania. By using the Kangeroo Coin services and participating in any associated activities, you acknowledge the inherent risks involved, which are common to the cryptocurrency and digital asset space. As Kangeroo Coin is a meme coin, its value and market behavior can be highly volatile, and its use is not intended for investment purposes.
Please read the following risk disclosures carefully, as they apply specifically to Kangeroo Coin and ARMswap UAB's related offerings. These risks are meant to guide your understanding of the potential uncertainties involved and ensure you are fully aware of the nature of Kangeroo Coin as a product of ARMswap UAB.
This Risk Disclosure Statement offers details about the potential risks when using services offered by ARMswap UAB. However, we cannot disclose all the risks involved with virtual assets, so we list the significant ones.
Your digital assets, including Kangeroo Coin, could lose value or be destroyed. Before accessing and using ARMswap's services, please carefully consider whether the risks listed below, along with all other applicable risks, are acceptable to you, taking into account your investing objectives, risk tolerance, financial situation, and prior investment experience.
It is crucial that you decide for yourself whether to access and use the ARMswap Platform and its Services. Before engaging in any virtual asset swapping or bridging, you should consult independent experts for any advice you deem necessary or desired, including financial and/or legal counsel.
It is important to ensure you have the financial resources to cover any risks related to virtual assets and that you closely monitor your positions. There is a risk to your capital when using the ARMswap platform. Money you cannot afford to lose shouldn't be invested. When it comes to transactions involving virtual assets, there can be a significant risk of loss.
You may not have access to investor compensation protection by using ARMswap services.
It is important to consider virtual assets as extremely risky investments and to never invest money that you cannot afford to lose.
To be clear, ARMswap UAB does not offer advice on investments, finances, taxes, or law. Not a single communication or piece of information that you receive from ARMswap is meant to be construed as financial, trading, investment, or other type of advice.
By using the ARMswap UAB platform and its services, you acknowledge your understanding of these risks and take full responsibility for your decisions. Always conduct thorough research before investing in any virtual asset.
The following is a list of risks that could be associated with virtual assets, especially in the case of the ARMswap UAB platform and Kangeroo Coin:
Your cryptocurrency wallet must be compatible with receiving, storing, and transferring Kangeroo Coin. Incompatible wallet addresses will not be accepted. ARMswap UAB reserves the right to implement further specific wallet requirements for Kangeroo Coin purchases at any time.
Blockchain is an autonomous public peer-to-peer network that is not under our control. ARMswap UAB disclaims all liability for any failure, mistake, error, or breach that may occur in blockchain or any other network where virtual assets like Kangeroo Coin are issued and/or traded. As Kangeroo Coin operates on blockchain protocols, any malfunction, breakdown, abandonment, unintended function, unexpected behaviour, or attack on these protocols could adversely affect the coin, potentially causing it to malfunction or operate in an unforeseen or unintended manner.
You agree to be bound by any modifications or additions made to the blockchain system, as well as by any applicable laws that might be relevant to the blockchain. Regarding the blockchain's functionality and potential security breaches, we make no express, implied, statutory, or other representations or warranties of any kind.
Any unauthorized access to your wallet login credentials or private keys could enable someone to misuse your Kangeroo Coin. To minimize this risk, protect your electronic devices from unauthorized access. Best practices recommend storing private keys securely in multiple geographically separated backup locations. You are also responsible for providing ARMswap UAB with the correct wallet address for receiving your Kangeroo Coin. If you provide an incorrect address, ARMswap UAB will not be liable for any lost coins.
Blockchain technology and meme coins like Kangeroo Coin are scrutinized by regulatory bodies globally. The emerging communication capabilities of blockchain technology may motivate some jurisdictions to implement additional or specific regulations or introduce new ones around blockchain-based applications. These regulations may conflict with the current ARMswap UAB platform structure or its smart contract system and may require significant platform and system modifications, including termination and potential loss of Kangeroo Coin.
The legal landscape for cryptocurrency tokens and blockchain technology is still murky in many places. It's uncertain how governments might use existing rules on this new technology, including the ARMswap platform and its meme coins like Kangeroo Coin. And new regulations might emerge at any time, potentially complicating things. This uncertainty could affect the platform and Kangeroo Coin in unexpected ways.
Some virtual assets, including Kangeroo Coin, may rely on blockchain-based protocols and smart contracts. These protocols and smart contracts are not owned or controlled by ARMswap UAB.
While the underlying blockchain protocols are typically open-source, meaning anyone can use, copy, and modify them, ARMswap UAB does not control how these protocols evolve. This means that any changes or updates to these protocols could impact the availability, use, or value of Kangeroo Coin. Users may have limited influence over protocol updates or modifications and may lack key information that could affect the value of their holdings.
Any vulnerability or bug in the underlying smart contract or blockchain code, if discovered or exploited, could negatively affect Kangeroo Coin, impairing its function and value. Since Kangeroo Coin is based on blockchain technology, changes to the blockchain (referred to as "forks") could impact the coin's features, function, and value.
ARMswap UAB is not responsible for how these blockchain protocols operate and cannot guarantee their functionality, security, or availability. If a fork or other significant change occurs in the underlying blockchain, ARMswap UAB may temporarily halt some services (with or without prior notice) and may decide not to support or discontinue support for the altered protocol or contract. Depending on the situation, ARMswap UAB may or may not adjust your holdings to accommodate these changes.
It is important to double-check the address whenever you deposit, withdraw, or transfer Kangeroo Coin. Using the wrong address could result in losing your coins permanently. Please ensure you are sending the correct coin to the correct wallet address. A small mistake like sending Kangeroo Coin to the wrong address could result in the coins disappearing forever.
Other platforms may emerge that also use blockchain technology, but they may not necessarily assign value to Kangeroo Coin. This could lead to competition, but since Kangeroo Coin is a meme coin, its value is largely driven by community interest and not tied to any platform's specific features or protocol.
There's a possibility that Kangeroo Coin might not attract a large user base or generate significant public interest, which could lead to a decrease in its value. As a meme coin, its value is often speculative and driven by trends.
Kangeroo Coin's value, like many meme coins, can be volatile and unpredictable. As the coin continues to evolve, it may undergo changes that could affect its popularity or perceived value. Any substantial changes to the way Kangeroo Coin is used or its community could lead to shifts in its value or utility.
As a meme coin, Kangeroo Coin does not require significant funding for development or maintenance. However, any unforeseen financial constraints related to its promotion or continued adoption could impact its availability or the ability to support its community.
There is uncertainty regarding how meme coins like Kangeroo Coin will be taxed. You should seek advice from a tax professional before acquiring or holding Kangeroo Coin, as there could be tax implications such as income tax or reporting requirements based on your jurisdiction.
Kangeroo Coin, like any cryptocurrency, may be subject to theft or hacking attempts. Unauthorized access to your wallet, whether through phishing or malware attacks, could result in the theft or loss of your coins. It is your responsibility to protect your wallet credentials and maintain the security of your private keys.
The platform hosting Kangeroo Coin or any related services may be vulnerable to cyberattacks, including malware attacks, phishing, and other threats. Although efforts are made to secure these platforms, there is always a risk of loss due to hacking, and transactions involving Kangeroo Coin are irreversible.
As cryptocurrency technologies evolve, there is always the possibility of new vulnerabilities being discovered or technological breakthroughs (e.g., quantum computing) that could impact the security of blockchain systems and coins like Kangeroo Coin. There is no guarantee that Kangeroo Coin will remain secure against such advancements.
Kangeroo Coin's value is highly dependent on market interest and adoption. If it does not gain significant traction within the community or fail to maintain its appeal, it could lose value rapidly.
The platform hosting Kangeroo Coin could face challenges that lead to its discontinuation. If this happens, the value of Kangeroo Coin could be negatively impacted or rendered completely worthless.
Technical malfunctions or failures within the platform supporting Kangeroo Coin could lead to the loss of coins or disruptions in transactions. However, as a meme coin, there is less infrastructure dependency compared to more complex cryptocurrencies.
Kangeroo Coin does not confer any governance rights. Decisions about the coin's future and its use are made solely by its creators or the community, and holders of Kangeroo Coin do not have any voting rights or control over its direction.
There is no guarantee that there will be a marketplace for Kangeroo Coin. It may not be listed on major exchanges, and its liquidity could be low. If exchanges do emerge, they may not be regulated, and Kangeroo Coin could experience significant price fluctuations. If you are holding Kangeroo Coin as a speculative investment, you are fully responsible for any associated risks.
Although we strive to provide accurate information, there is no guarantee that all the information available about Kangeroo Coin will be complete, accurate, or up-to-date. You should not rely solely on the information provided, as market conditions and other factors may change.
Holding Kangeroo Coin does not create a fiduciary relationship or any partnership with the creators of the coin. You do not have any ownership or management rights over the platform or its creators.
Kangeroo Coin, like all cryptocurrencies, may face scrutiny from regulators. The regulatory landscape for cryptocurrencies is still evolving, and any changes in laws could affect the ability to hold, trade, or use Kangeroo Coin. Regulatory challenges could affect the value or availability of Kangeroo Coin.
The creators of Kangeroo Coin have the discretion to make operational decisions that could affect the future of the coin. If operational, legal, or regulatory issues arise, they may decide to halt development or change how the coin functions.
There may be unforeseen risks related to Kangeroo Coin. As with all digital assets, unexpected challenges can arise that could negatively impact its value or availability.