Risk disclosure statement

This activity is conducted as an Initial Coin Offering in the British Virgin Islands, which falls  under the exempted category from registration and authorization requirements as per the  regulatory framework of virtual assets. Specifically, it complies with the exemption of ICOs  under the VASP Act (2022) of the BVI and the Guidelines of the Financial Services  Commission. Before you decide to contribute, it is important to be aware of the potential risks  associated with this operation. It is crucial that you take full responsibility for your decision  and the use of your funds. Make sure to thoroughly review the risk disclosure statement and  conduct your own research before making any decisions. RENVEST DAO LTD (hereinafter:  RENVEST DAO) does not provide investment advice. RENVEST DAO is not a regulated  entity. RENVEST DAO operates under an explicit regulatory exemption in the BVI. 

1. Introduction  

Welcome to RENVEST DAO, a reliable ally in the realm of digital currencies. At RENVEST  DAO, our top priority is ensuring the utmost security and efficiency for our users when it comes  to working with cryptocurrency. We strive to provide a platform that is reliable and trustworthy  for handling virtual currency, digital currency, and digital assets. Nevertheless, it is crucial to  acknowledge that engaging with digital currencies carries substantial risks. This Risk  Disclosure Statement aims to provide you with an understanding of the potential risks that may  arise from trading and holding digital currencies. 

The document serves to outline the intended purpose. 

This document is intended to provide a comprehensive overview of the risks associated with  cryptocurrency transactions for traders and investors. Our objective is to provide you with  comprehensive knowledge and readiness for the unpredictable nature and intricate aspects of  the cryptocurrency market.  

The Significance of Reviewing the Risk Disclosure 

Please take the time to carefully read this Risk Disclosure Statement. Having a thorough grasp  of the potential risks associated with cryptocurrency trading is essential for making well informed decisions. This document will give you a thorough understanding of the different  risks involved, allowing you to evaluate your readiness and ability to handle these risks.  

Acknowledgment  

When you utilise the services provided by RENVEST DAO, it is important to recognise that  you have thoroughly read, comprehended, and agreed to the terms and risks detailed in this  document. When it comes to cryptocurrency trading, it's crucial to carefully evaluate your  financial circumstances, investment objectives, and risk tolerance. If you have any  uncertainties or need further explanation, it is advisable to consult with professionals in the  financial or legal field. At RENVEST DAO, we prioritise transparency and trust with our users. 

Our dedication to your financial well-being is evident in this Risk Disclosure Statement, as we  firmly believe that an informed user is an empowered user. 

2. Gaining a grasp on cryptocurrency  

Defining Cryptocurrency  

Cryptocurrency is a form of digital or virtual currency that relies on cryptography for security  and functions without the need for a central authority. Cryptocurrencies utilise blockchain  technology to achieve decentralisation, transparency, and immutability. Bitcoin is widely  recognised as the most popular cryptocurrency, but there exists a vast array of other digital  currencies, each boasting distinct characteristics and applications. 

The Nature of Cryptocurrency Trading 

When it comes to trading in cryptocurrencies, you'll be involved in exchanging one digital  currency for another or for fiat currencies such as USD, EUR, and more. The cryptocurrency  markets are active around the clock, providing a dynamic and potentially volatile trading  environment. Prices are influenced by the interplay of supply and demand across different  exchanges, leading to significant fluctuations.  

Important Features of Cryptocurrency Markets:  

Volatility: Cryptocurrency markets are notorious for their unpredictable nature, as prices can  experience substantial fluctuations in a matter of moments. Cryptocurrency markets operate  24/7, providing uninterrupted trading opportunities, unlike traditional financial markets. 

Decentralisation: Cryptocurrencies operate independently of any central authority, which  ensures their immunity to government interference or manipulation. The cryptocurrency space  is constantly evolving, with new technologies, coins, and applications emerging regularly.  

Potential for great rewards and significant risks  

Trading cryptocurrency can provide lucrative opportunities for profit thanks to the ever changing nature of the market. Nevertheless, this level of unpredictability can result in  significant financial setbacks. It's crucial to grasp that the worth of cryptocurrencies has the  potential to plummet to zero.  

Insufficient oversight 

Similar to the legal profession, the cryptocurrency market is still in its early stages and does  not have the same extensive regulatory framework as traditional financial markets. Without  proper regulation, there is a greater chance of facing risks such as fraud and market  manipulation.  

At RENVEST DAO, we firmly believe that grasping these fundamental concepts is essential  for individuals venturing into the cryptocurrency market. Having a well-informed strategy is 

crucial when it comes to navigating the world of trading, especially in the realm of digital  currencies. It allows you to effectively manage risks and capitalise on the various opportunities  that arise.  

3. Potential dangers associated with the situation  

Legal Status and Government Protection: In most jurisdictions, digital assets are not considered  as legal tender, and investments in these assets do not receive protection from government  schemes or insurance policies. It is important to note that losses resulting from market  volatility, fraud, technological failures, or regulatory changes are not eligible for coverage  under any state guarantees or compensation programmes. Legal regulations surrounding digital  assets differ across different regions and may be subject to modifications in the future. Users  are expected to adhere to evolving regulatory requirements, which encompass know-your customer (KYC) and anti-money laundering (AML) protocols.  

Investments in digital assets come with the risk of market volatility. Prices can vary  significantly due to a range of factors, such as advancements in technology, shifts in  regulations, market conditions, and overall economic trends. Investors need to be aware of the  potential for substantial financial setbacks. Certain digital asset markets exhibit a high level of  concentration, where a small number of entities hold a significant portion of the assets. This  concentration can potentially result in market manipulation and heightened volatility.  

The legal and regulatory framework for digital assets is constantly changing. Any alterations  to laws, regulations, or government policies may have an effect on the legal status and financial  feasibility of investments in digital assets. These encompass tax laws, securities regulations,  and various financial rules.  

There are risks associated with digital asset investments due to the reliance on blockchain  technology. There are various factors that can pose risks to a system, such as cyber-attacks,  software bugs, and internet connectivity issues. Technological failures can result in significant  financial setbacks.  

When it comes to certain digital assets, there may be a lack of liquidity, which can pose  challenges when trying to buy or sell large amounts without causing significant price  fluctuations. It's important to note that digital asset markets can vary significantly in terms of  liquidity and market depth, which adds to the overall risk.  

Third-Party Risks: Numerous digital asset transactions depend on platforms or service  providers that are not directly involved. If there are any operational failures, security breaches,  or disruptions in these third parties, it can have a negative impact on investments. RENVEST  DAO is not responsible for third-party providers, including ducaswap.com, which is  decentralized protocol for crypto-to-crypto swaps and outside RENVEST DAO’s corporate  group. RENVEST DAO has no control, management, or (intention to) influence over the  functionalities and modus operandi of third parties. 

Legal Concerns: The digital asset market can be vulnerable to various legal issues, such as  fraudulent activities and operational mishaps. These may involve deceptive schemes, 

misrepresentation, or the misappropriation of assets due to security breaches. Digital asset  transactions carry a certain level of risk as they are typically irreversible, leaving room for  potential loss caused by mistakes or fraudulent behaviour.  

Legal Consideration: The taxation of digital asset transactions can differ across different  countries and may be subject to future modifications. Investors must have a thorough  understanding of and adhere to the tax obligations in their jurisdiction by themselves.  RENVEST DAO is not liable for any tax liability towards participants and will not issue  advisory on tax filing. 

Performance Risk: The performance of digital assets may differ from what is expected due to  technical difficulties, alterations in consensus algorithms, or fluctuations in network activity.  When it comes to safeguarding digital assets, there are certain risks that need to be considered.  These risks primarily revolve around the secure storage of assets in wallets or on exchanges.  They include the possibility of loss due to hacking, theft, or operational mistakes. The security  of digital wallets used to store digital assets is of utmost importance. If private keys, wallet  credentials, or security vulnerabilities are mishandled, it can lead to the irreversible loss of  digital assets.  

Technology and Protocol Changes: The technology behind digital assets can undergo  modifications, such as forks, protocol upgrades, or other alterations, that may impact the value  and functionality of the assets. Changes to the underlying protocol of a digital asset network  can lead to considerable volatility and uncertainty. This has the potential to result in the  development of fresh assets or fundamentally alter the essence of the current asset.  

Smart Contract Risk: Digital assets that rely on smart contracts can be exposed to potential  risks associated with the execution and functionality of these contracts. Smart contracts can be  susceptible to flaws, bugs, or vulnerabilities, which can result in the unfortunate loss or theft  of assets.  

Certain digital assets, especially those that rely on proof-of-work consensus mechanisms, can  have significant energy consumption and environmental consequences. There are potential  regulatory and social risks associated with this. 

Interoperability Risk: The digital asset ecosystem brings together different blockchain  networks and technologies, which can pose a challenge in terms of seamlessly connecting these  systems. It is possible to encounter technical difficulties when dealing with cross-chain  transactions or integrations.  

Attention:  

It's important to note that the risk disclosure mentioned above may not cover all potential risks,  as the digital asset market is constantly changing. 

It is important to note that RENVEST DAO does not offer legal, tax, or financial advice. It is  highly advised that you seek independent legal, tax, or financial advice before making any  financial decisions, such as purchasing, trading, holding, or utilising digital assets.  

Users must be aware that there is a substantial risk of losing the entire amount invested in  cryptocurrencies. Various factors can contribute to this situation, such as market volatility,  technological issues, regulatory changes, or other unforeseen circumstances. Similar to legal 

proceedings, cryptocurrency investments do not offer any guaranteed returns and can  experience unpredictable fluctuations in value.  

At RENVEST DAO, our utmost priority is to ensure our users have a trading environment that  is both secure and transparent. Nevertheless, users must grasp the significance of recognising  the inherent risks associated with cryptocurrency investments and the need to invest responsibly. It is advisable for all traders and investors to carefully assess their risk tolerance  and financial situation prior to getting involved in cryptocurrency investments.  

The ownership and control of the underlying software protocols that govern the operation of  virtual currency are not within our purview. These protocols are typically "open source,"  allowing anyone to use, copy, modify, and distribute them. We cannot be held responsible for  the operation of underlying software protocols and cannot guarantee their functionality,  security, or availability. It is important to be aware and prepared for the possibility that the  software protocols governing the digital assets in your virtual currency wallet may undergo  changes.  

Changes in legislation and regulations at various levels, whether local or global, could  potentially impact RENVEST DAO's ability to maintain its services in different jurisdictions,  support specific digital assets, or cater to certain users or groups. We cannot guarantee the  continued and uninterrupted provision of services to you.  

4. Implementing measures to mitigate risks  

At RENVEST DAO, our top priority is to ensure the safety and security of our users when it  comes to cryptocurrency trading. We utilise various strategies to minimise risk and provide  users with suggestions for best practices:  

Risk management strategies at RENVEST DAO:  

Our company takes security very seriously. We have implemented advanced security protocols  to safeguard against cyber threats. These measures include secure data encryption, two-factor  authentication, and regular security audits. Rest assured that your information is in safe hands.  Our systems undergo constant monitoring to detect any abnormal activity, safeguard against  fraud, and maintain the integrity of trades.  

Our platform is constantly updated to integrate the latest technological advancements and  improve security and user experience.  

Our focus is on maintaining sufficient liquidity on our platform to facilitate seamless trade  execution.  

Measures to Protect Users:  

User Education: Our comprehensive educational materials are designed to empower users with  a deep understanding of the potential risks associated with cryptocurrency trading and equip  them with the knowledge and skills needed to trade responsibly. 

Users are provided with tools like stop-loss orders to effectively manage the risks that come  with unpredictable markets. 

We prioritise open and honest communication, providing you with clear and straightforward  updates on any platform changes, market conditions, or regulatory developments.  

Best Practices for Users:  

Seeking professional guidance: It is highly advisable for our users to seek the counsel of  financial advisors, tax consultants, or legal experts prior to making any financial decisions.  Working with a professional advisor allows you to receive tailored advice that takes into  account your unique financial situation, goals, and risk tolerance. This is particularly crucial in  the intricate and swiftly evolving realm of cryptocurrency.  

Stay informed: It is important for users to stay up-to-date on market trends, technological  developments, and regulatory changes. It is important to consider diversifying investments in  order to spread risk across different assets.  

Be aware of the power of leverage: Users should exercise caution when utilising leverage, as  it has the potential to magnify both profits and losses.  

Utilise Secure Networks: It is crucial to trade on networks that are secure and private in order  to safeguard your accounts from unauthorised access.  

Emergency Protocols:  

Our disaster recovery plans are designed to swiftly restore the platform in the event of  unforeseen incidents, minimising any disruptions for our users.  

Customer Support: Our team of professionals is here to help address any problems or questions  that users may have. If you ever need assistance, feel free to reach out to us at  info@renvestdao.com.  

RENVEST DAO places great importance on risk mitigation measures, with a focus on ensuring  a secure and dependable trading environment. Nevertheless, it is crucial for users to grasp that  although these measures can mitigate risks, they cannot completely eradicate them. Users are  advised to approach cryptocurrency trading in a way that aligns with their personal risk  tolerance and financial circumstances.  

5. User Responsibilities  

When using RENVEST DAO, it's important to recognise and embrace your obligations when  participating in cryptocurrency trading. By recognising and following these obligations, you  help create a trading environment that is safer and more secure. 

Users must exercise due diligence.  

It is important for users to thoroughly research and educate themselves about the  cryptocurrencies they plan to trade. Having a thorough grasp of the market, technology, and  potential risks is absolutely crucial. 

Stay informed about the regulatory environment in your jurisdiction and make sure to comply  with all relevant laws and regulations.  

Provide precise and up-to-date information during account registration and verification  processes. Ensuring that your account information is kept up to date is of utmost importance.  

Understanding the Potential Dangers:  

By trading on RENVEST DAO, users are required to acknowledge that they have read,  understood, and accepted the risks outlined in this Risk Disclosure Statement.  

Financial Responsibility: Traders should only engage in transactions with funds that they are  comfortable with potentially losing. Considering your financial situation and risk appetite is  crucial before getting involved in trading activities.  

Security Practices:  

Account Security: It is the users' responsibility to ensure the security of their account  credentials. It is highly recommended to use strong, unique passwords and enable two-factor  authentication for added protection.  

Stay vigilant against fraud: Stay alert for phishing attempts and other fraudulent activities. If  you come across any activities that seem suspicious, please make sure to notify RENVEST  DAO right away.  

Protecting Your Personal and Financial Data: Ensure the security of your personal and financial  information. Exercise prudence when it comes to disclosing confidential details.  

Ensuring adherence to Platform Policies:  

Users are required to comply with the terms and conditions established by RENVEST DAO.  Violations can lead to the suspension of your account or other penalties. Adhere to ethical  trading practices by avoiding activities like market manipulation or illegal transactions.  

Legal Considerations:  

Ensure you regularly evaluate your risk tolerance and investment strategy to make informed  decisions. Make appropriate adjustments to your trading activities. Take advantage of the risk  mitigation tools available for your perusal to effectively manage and minimise your trading  risks.  

Being a user of RENVEST DAO, it is crucial for you to actively engage in responsible trading  practices. It is advisable to exercise caution and make informed decisions when engaging in  cryptocurrency trading.  

6. Revisions and modifications  

The field of RENVEST DAO operates in a constantly changing and evolving industry. 

Therefore, it is important to regularly review and revise this Risk Disclosure Statement to  ensure it accurately reflects any shifts in market conditions, regulatory environments,  technological progress, and operational procedures.  

Steps for Updating the Statement:  

We will regularly review this Risk Disclosure Statement to ensure that it accurately reflects the  current risks associated with cryptocurrency trading.  

Modifications: Changes to this document may be implemented to address emerging risks,  regulatory updates, or to provide further clarification on current content.  

Notification of Changes:  

Updates Communication: Users will be informed of any important changes to this Risk  Disclosure Statement through email, platform notifications, or other suitable channels.  The most up-to-date version of the document will always be available on the RENVEST DAO website for easy access. It is important for users to regularly review the Risk Disclosure  Statement.  

Understanding your obligations when it comes to updates:  

It is the user's responsibility to stay informed about any changes to this document. It is advisable  to regularly review the Risk Disclosure Statement.  

By using RENVEST DAO's services after changes to the Risk Disclosure Statement, users are  indicating their acceptance of the updated terms and conditions.  

7. Final Thoughts and How to Get in Touch  

We have prepared this Risk Disclosure Statement to provide you, our valued users, with  important information regarding the potential risks involved in cryptocurrency trading on the  RENVEST DAO platform. The document provides a comprehensive overview of digital  currencies, including the risks associated with cryptocurrency trading and using our platform.  It also highlights the regulatory, legal, and additional risks that users should be aware of.  

Risk Summary:  

Trading in cryptocurrency carries significant risks, including market volatility, technological  challenges, cybersecurity threats, and regulatory and legal uncertainties. 

Using digital currencies and trading platforms comes with its fair share of risks, including  operational and system risks.  

Legal frameworks and regulatory landscapes surrounding cryptocurrency trading can undergo  modifications that may affect your trading activities. 

Final Acknowledgement and User Agreement:  

By utilising RENVEST DAO's services, it is important to note that you are responsible for  familiarising yourself with and accepting the risks outlined in this Risk Disclosure Statement.  You understand the significance of conducting thorough research, staying well-informed, and  approaching cryptocurrency trading with caution and responsibility.  

It is expected that you will comply with the terms and conditions of RENVEST DAO and make  it a habit to regularly check this Risk Disclosure Statement for any updates or changes. 

At RENVEST DAO, we strive to offer our users top-notch support and assistance. If you  require any assistance or have any inquiries about the information provided in this Risk  Disclosure Statement or any other aspect of our services, please feel free to reach out to us.  

We are here to help. Our team is fully equipped to assist and provide guidance for any inquiries  you may have regarding cryptocurrency trading on our platform.  

If you have any questions, need support, or require assistance, please reach out to us:  

Feel free to contact us via email at info@renvestdao.com in order to promptly solve the  situation together.

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