Please read the following risk statement carefully before using the trttLoans Service.
This document aims to outline some of the commonly known risks associated with an investment in cryptocurrencies, issuing and taking loans, however, it cannot predict all of the risks which may arise as result of any investment activity.
You should carefully assess whether your financial situation and risk tolerance are suitable for any form of exposure to cryptocurrencies and loans. If you are in any doubt about whether the TrttNodes Service is right for you, you may wish to seek guidance from a professional adviser.
The trttLoans loan calculator does not constitute investment advice
Further to the above, please note that we cannot provide any type of investment advice. It is your duty to do your own research before making any investment decision. As part of that research, you may want to:
- inform yourself about the coins you are interested in by utilizing all available sources: their websites, BitcoinTalk threads, YouTube videos, and Discord channels;
- make yourself familiar with full terms and conditions of taking and issuing a loan;
- check the charts. Lots of fluctuations in the coin trading price could possibly be a red flag;
- consider the possible changes to the coin exchange rate. As a general note, with the decrease of an exchange rate all loans provoke margin calls;
- exchange knowledge and experience with other users on our Discord server.
It is you who make the final decision whether or not to put your trust, respectively your funds, in a particular request, or an offer of interest. Please always bear in mind the golden rule of investment: do not invest more than you can afford to lose.
The trttLoans Service is unregulated
Lack of regulation of the cryptocurrencies and crypto market as such means that the trttLoans Service is also not regulated by any authority. Meaning that using the trttLoans Service, your rights will not be protected as they would be if you would use regulated payment services.
Given the above-mentioned lack of market regulation, it is not clear how a regulator body or a court may treat interests or income originating from investment in crypto coins and loan issuing and taking.
The functioning of the cryptocurrency networks is outside our control
Furthermore, the very nature of Blockchain and the cryptocurrencies being independent public peer-to-peer networks mean that we are not responsible for any failure, mistake, error, and/or breach which shall occur.
The underlying protocols of the cryptocurrencies are subject to sudden changes in operating rules (‘forks’), and such forks may affect the value of the coin.
The crypto market is highly susceptible to market manipulation and other misuses of illegal activities. You should expect the market to be strongly affected if law enforcement agencies would investigate any allegedly illegal activities on an exchange or any other crypto platform.
The value of coins is highly volatile
The value of any given crypto coin can rapidly change at any time, possibly even falling to zero. The risk of loss can, therefore, be substantial and amount to as much as your entire investment portfolio.
Cryptocurrencies are also susceptible to bubbles or loss of confidence, both rational and irrational, which could influence supply-demand ratio, leading to great losses for investors.
Cryptocurrencies also carry risks uncommon for official payment instruments or traditional commodity markets. Unlike fiat currencies backed by regulatory bodies and/or commodities such as gold or silver, cryptocurrencies’ value is not backed by any resource and will therefore not be protected in the case of a crisis.
Cryptocurrencies are vulnerable to cyber attacks
Cryptocurrencies, as well as your trttNode, are entirely digital and therefore susceptible to risk from hacking, malware, or operational glitches.
It is important to have the understanding that all crypto transactions are permanent and irreversible, so keeping your account secure at all times is a must.