7.3 Risk

The user acknowledges certain risks about the use of services within the SmartLeCo Ecosystem, blockchain technology in general, crypto-asset protocols, and related technologies. When using services within the SmartLeCo Ecosystem, users should closely consider the risks outlined in this whitepaper and other risks not specified herein.

High price volatility

The price of cryptocurrencies, including the SmartLeCo token, might be subject to significant price fluctuations over short periods regularly (high volatility).

Low market liquidity

The market liquidity of cryptocurrencies can be low and may negatively impact the possibility to sell cryptocurrencies, including SLCT. SLCT may not be liquid.

Insufficient interest

The SmartLeCo Ecosystem might not be successful and might be dissolved due to a lack of interest and/or support from its users or the public.

Regulatory actions

Cryptocurrencies in general have been the subject of regulatory scrutiny by various regulatory bodies around the globe. The SmartLeCo Ecosystem or the use of SLCT could be affected by regulatory inquiries or regulatory actions, which could adversely impact the Polygon Blockchain network or the use and utilization of SLCT. The use of services within the SmartLeCo Ecosystem may require authorization (s) in some jurisdictions to be used as such. Each user should independently and of their own accord make sure the use of SLCT is legally permitted within their jurisdiction.

Taxes

Possession and trading in crypto-assets, including SLCT, may be or become subject to tax and/or any other duty, for example, due to changes in legislation or a user’s circumstances.