The digital asset entrusted management service provided by the LBK Blockchain Co., Limited, hereinafter referred to as LBank platform, has risks base on objective technical reasons and subjective strategic reasons. Therefore, users must agree to this agreement when opening the digital asset entrusted management service. This behavior also means that the user fully understands and agrees to the risks of the digital asset entrusted management service provided by the LBank platform. The contents of this risk reminder shall prevail in Chinese.
The purpose of this risk reminder is to reveal to investors the objective technical risks and subjective strategic risks of digital asset entrusted management services and to help users evaluate and determine their own capabilities. In view of the existence of investment risks, before confirming this agreement and commissioning digital assets, users should carefully read this risk reminder, you must ensure that you understand the nature and rules of entrusted management, and decide whether to invest based on your own investment experience, goals, financial status, and ability to take risks.
The strategy of digital asset entrusted management services may include leverage and risk, and is only suitable for professional investment institutions or people with rich investment experience, or can fully understand all the risks related to digital asset derivatives trading, and the people who can withstand the loss of part or all of their funds caused by investment errors.
1. Price fluctuations and trading risks
As a special product with investment value, the price of digital assets is affected by various factors, the price fluctuates in a large range, and the market capacity is limited. Therefore, providers of digital asset entrusted management services (including LBank) have slippage in transactions and are unable to accurately stop profit and stop loss and cause or expand the possibility of loss.
2. Policy supervision risk
Digital asset and derivative transactions may face policy supervision risks in certain jurisdictions. Before entrusting management, investors need to make prudent judgments on the premise of understanding the policy supervision background of themselves and the entrusted parties (including LBank).
3. Other possible risks
Entrusted digital assets and derivatives transactions, including but not limited to adjustment factors, expiration dates, product rules, etc, can be modified according to the actual operation of the platform. If the platform needs to advance or postpone delivery of products due to special circumstances, after fulfilling the obligation of notification through official website announcement or SMS notification. The entrusted management party (including LBank) will deal with its own position in a timely manner. Any possible losses or gains (including loss through positions) caused by it will be borne by the user.
1. Investment managers must thoroughly understand the basic knowledge and related risks of digital asset entrusted management and the business rules of the trading platform before participating.
2. The above risk items in this risk reminder are only listed in nature and fail to list all the risk factors related to digital asset entrusted management. Before enabling digital asset entrusted management services, users should carefully understand other possible risk factors.
3. We sincerely hope and advise users to carefully decide whether to enable this digital asset entrusted management service and reasonably configure digital assets based on their own actual conditions such as risk tolerance.