Risk Disclosure Policy
Last Updated: October 2025
This is the Risk Disclosure Policy ("Policy") of Pulse World ("Pulse"). This Policy outlines the potential risks associated with accessing and using the website, products, services, and blockchain infrastructure developed and offered by Pulse, including but not limited to the domain https://app.pulseworld.com ("Platform") and the digital asset ecosystem encompassing XPL tokens and NFTs (collectively, “Tokens”).
By using the Platform and participating in the Pulse ecosystem, including any token-related activities, you confirm that you have read, understood, and accepted the risks outlined below. This document is not exhaustive and does not consider your personal financial or legal circumstances.
LEGAL NOTICE
Information and Communications
Our Platform and any other information communicated by us or on our behalf, whether through our whitepaper, communication channels or otherwise (collectively, the “Materials”), do not constitute an offer to sell, a recommendation or solicitation to buy, sell or hold XPL or any other assets. Nothing in the Materials constitutes a recommendation or solicitation to use XPL, the Platform or any related products, services or technologies. Always make sure to verify that the information that you believe is provided by us is posted or communicated by our authorised representatives.
Any and all Materials are provided for informational and educational purposes only, and should not be relied upon, either wholly or partially, when making any decision. We do not warrant, guarantee or represent, whether expressly or impliedly, that the Materials are true, complete, timely, reliable, accurate, sufficient, non-infringing or fit for a particular purpose, and we will be under no obligation to update or fix such Materials. We shall not be responsible for the accuracy or completeness of the Materials; therefore any use of such Materials is at your own discretion and risk, and you are solely responsible for any possible damages or losses arising from such use. You should always conduct your own independent research and investigation.
Materials may also contain references to third-party data and industry publications. Although we believe that such data is accurate and reasonable, there are no assurances as to the accuracy or completeness of this data. We have not independently verified any of the data from third-party sources referred to on the Platform or in connection with the services, or ascertained the underlying assumptions relied upon by such sources. Any reference to such third-party data and industry publications does not imply our endorsement thereof.
XPL Tokens
XPL is a native utility token of the Platform intended to provide access to certain services on the Platform and, as such, XPL has no rights, intended uses or attributes outside of use within the Platform. XPL serves solely as a technical means to access or pay for designated services within the Platform; it has no intrinsic or guaranteed value outside that context.
We do not make any warranties or representations of any kind with regard to XPL, and we expressly disclaim all warranties and representations relating to XPL, whether express or implied, including, without limitation, any implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement.
The XPL tokens are provided on an «as is» and «as available» basis. There is no guarantee that XPL will perform as expected or hold any particular value or price. XPL may lose some or all of their value. We do not make any promises with respect to XPL, its price, value, supply amount, performance, etc. We cannot and do not influence the price of XPL or its performance, and assume no liability to any person for XPL tokens, their performance, value or loss in value, the use or inability to use XPL.
XPL is not an investment, security, share or equity interest, debt or loan nor a derivative instrument of any of the foregoing. Neither the Materials nor anything communicated or provided by us constitutes a prospectus or offering document, or is an offer to sell or solicitation of an offer to buy XPL or any other asset.
XPL does not provide any person with the rights of any type with respect to us or our affiliates, their revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial or legal rights, nor are the XPL tokens intended to provide any person with any other rights of any type. XPL tokens are not a loan and do not provide any right of ownership or other interest.
XPL HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT).
Unless expressly allowed by us at our discretion, XPL cannot be received, used, or held by, transferred or sold to, a person which is (i) the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States or any other applicable jurisdictions, (ii) located, organised or resident in any country or territory that is the subject of country-wide or territory-wide sanctions, (iii) listed in any sanctions-related list of sanctioned persons, including, but not limited to, those maintained by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States, (iv) located, organised or resident in Canada, Cuba, the Democratic People’s Republic of North Korea, the Islamic Republic of Iran, Libya, South Sudan, Sudan (North), Syria, the Bolivarian Republic of Venezuela, the Russian Federation, the Republic of Belarus, the territories of Crimea, Donetsk and Luhansk (Ukraine), and the United States of America, any jurisdiction in which the acquisition and/or ownership of Tokens is prohibited by applicable law, or (v) directly or indirectly owned or controlled by any person or persons described above.
Forward-Looking Statements
The Platform and the Materials may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements other than statements of historical fact, are forward-looking statements. Any development plans and projections, business projections, future functionality and projected performance of XPL, the Platform or us, as well as prospects and the future prospects of any industry, are forward-looking statements.
Forward-looking statements by their nature address matters that are, to different degrees, uncertain or unknown. We can give no assurance that any forward-looking statements will prove to have been correct. Actual events, results or outcomes could differ materially from what is stated in the forward-looking statement, and you should not rely on any such forward-looking statement. These risks and uncertainties include the impact of economic, competitive, technical and other factors affecting XPL, the Platform, us or our operations, including, but not limited to, the following: development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of XPL, the Platform or related services, other business and market conditions.
I. GENERAL RISKS
Platform Availability and Reliability
Pulse provides access to its Platform and services on an “as is” and “as available” basis. No guarantees are provided regarding uninterrupted access, as interruptions due to maintenance, technical failure, external attacks, or force majeure events may occur. We do not warrant or represent that the Platform, Tokens or any such related software are secure or safe, or protected from fishing, malware or other malicious attacks. Further, the Platform, Tokens and their related software may contain weaknesses, bugs, vulnerabilities, viruses or other defects which may have a material adverse effect on the operation of the Platform, Tokens or any such related software or may lead to losses and damages for you, other users or third persons.
Technological Risks
Users should ensure their devices, operating systems, and software are compatible with the Platform. Any failure to meet these technical requirements could result in service disruption or failure to access services. Use of outdated software or failure to keep software updated may expose users to security vulnerabilities and reduce functionality.
Operational Risks
Operational risks, including the risk of human error, mismanagement, or third-party service disruptions, could negatively affect the performance of the Platform. These risks include potential failures in the operational processes of trading, transfers, and custody of digital assets. Incorrect wallet addresses, transaction parameters, or other data inputs by users may lead to irreversible losses. Pulse is not liable for any errors caused by users when interacting with the Platform.
Cybersecurity Risks
The Platform and the services are susceptible to operational, information security and related cyber risks arising from both deliberate attacks and unintentional events, including unauthorized access to digital systems, malware or ransomware infections, data corruption, and denial‑of‑service attacks intended to disrupt availability and normal operations.
Such incidents may target on‑chain components and smart contracts that facilitate Platform services including XPL and NFT interactions, as well as off‑chain infrastructure and third‑party dependencies used by the Platform, such as web applications, APIs, authentication and KYC systems, storage, analytics tools, wallets, RPC providers, bridges, or payment and messaging services.
Any such events could adversely affect the Platform or its third‑party service providers and may result in your inability to access or use the Platform or Tokens. Certain incidents may be non‑recoverable and can lead to permanent loss of access to, or control over the Tokens or associated rewards. Users remain solely responsible for maintaining robust wallet and endpoint security, including safeguarding private keys and seed phrases, implementing phishing and malware protections, and monitoring on‑chain approvals and transactions. Pulse cannot initiate, reverse or recover on‑chain transactions on a user’s behalf and cannot guarantee the security of any third‑party systems or networks integrated with or used to access the Platform.
II. BLOCKCHAIN & SMART CONTRACT RISKS
The Platform, Tokens and their related software are or will be deployed on the Binance blockchain main network, and later may be deployed on other blockchains. As a result, any malfunction, breakdown or abandonment of such blockchain(s) may have a material adverse effect on the Platform, Tokens or such related software. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Platform, Tokens or such related software, and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain. The smart-contract concept, the underlying software application and software platform (i.e., Binance or other blockchain) are still in an early development stage and unproven. Although it is very unlikely, the blockchain, as well as any other blockchain, can be attacked which may result in downtime, consensus split, long reorganization of the chain, 51 percent attack, or other adverse outcomes each of which may lead to complete loss of your digital assets.
Hard Forks
Changes to the protocols that govern the blockchain may result in the development of parallel chains of blocks (so-called "hard forks") when some of the blockchain's nodes are validating transactions on the basis of the old version of the protocol, while other nodes are validating transactions on the basis of the new protocol. In the event of a hard fork of blockchain(s) supported by the Platform, Pulse may be forced to suspend all actions and services related to the Platform, with or without prior notice, until Pulse has in its sole discretion determined how the functionality can be restored. Pulse shall at its sole discretion decide which forks it shall support.
Smart Contracts
Tokens and certain services on the Platform are created and managed under the terms of a so-called “smart contract”, i.e. computer code that defines the manner in which digital tokens can be created, transferred and cancelled. Smart contracts are non-trivial pieces of computer code and their interactions with the blockchain for which they have been created are complex. It cannot be excluded that the code for the smart contract used by us contains flaws, errors, defects and bugs, which may disable some functionality of the Platform and/or Tokens, expose users’ information or otherwise be harmful to users or Pulse.
Lack of Anonymity
Transactions in Tokens occur on public blockchains; shortly after submission, transaction metadata (including transacting addresses, token amounts and balances) becomes publicly viewable and permanently recorded.
Although the data made available on the public version of a blockchain is anonymous, it will include the blockchain address of each user transacting in Tokens or using certain services on the Platform, and the entire trading history of each address (including amounts traded, the price of each trade and the balances held in each digital wallet). As a result, the trading history of each blockchain address is available to the general public and it may be possible for members of the public to determine the identity of the holders of certain blockchain addresses based on publicly available information.
Loss or Theft of XPL and Other Assets
Control over any Tokens transacted via the Platform depends on possession of the private key for the blockchain address that holds such assets; loss, theft or compromise of that private key (or seed phrase) may permanently prevent a user from accessing, transferring or otherwise exercising control over Tokens associated with that address.
Pulse operates on a non‑custodial basis and does not hold or control users’ private keys; on‑chain transactions are generally irreversible, and Pulse cannot initiate, reverse or recover transactions or restore access to a compromised address.
Hackers or other groups or organisations may attempt to interfere with your digital wallet in any number of ways, including (without limitation) denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks or consensus-based attacks. Pulse shall not be liable for any damage or loss in connection with your digital wallet.
Additional Fees and Network Costs (gas and related charges)
Transfers or other on‑chain operations involving Tokens on the Platform (including, without limitation, minting, staking, vesting deposits/withdrawals, reward claims, approvals and smart‑contract interactions) may require payment of network transaction fees (“gas”) in the native crypto‑asset of the supported network(s). Such gas fees are paid to network validators and are set by network conditions outside Pulse’s control.
Gas fees can be volatile and, at times, may exceed the value of Tokens involved, rendering a transaction uneconomic or causing a transaction to fail if insufficient gas is provided. Users are solely responsible for funding and paying all such fees.
III. DIGITAL ASSET & MARKET RISKS
Volatility and Price Fluctuations
Tokens, as digital assets, are subject to extreme volatility. The value of Tokens may fluctuate rapidly and unpredictably, both upwards and downwards, due to factors such as market demand, regulatory developments, technological advancements, liquidity constraints, and general macroeconomic conditions. You should be prepared for the possibility of significant or total loss of your Tokens.
Liquidity Risks
Tokens may have limited liquidity, making it difficult to buy or sell them in the market. There may also be a risk of Tokens being delisted from third-party exchanges or trading platforms, making it difficult to trade or exchange such tokens.
Market Risks
Market risk refers to the possibility that the overall market conditions could negatively impact the price of Tokens. Events such as market illiquidity, sudden withdrawal of buyers, or systemic failures could severely affect your ability to sell or transfer Tokens at favorable prices, or at all. There is no assurance that any Tokens will maintain or increase its value.
Capital Loss
Tokens are speculative by nature. Holding or using these assets carries high risk and should not be considered as a traditional or guaranteed return. Users may lose the entirety of their funds . Tokens may be delisted or lose value with no recovery mechanism.
IV. PRODUCT SPECIFIC RISKS
Risks Related to NFTs
Authenticity, provenance, uniqueness and continued availability of NFTs and their associated content are not guaranteed. Digital content referenced by an NFT (including artwork, images, audio, video, traits and metadata) may be stored off‑chain (e.g., via IPFS, Arweave, or other services) and can become unavailable, altered or inaccessible due to link rot, outages, censorship, takedown requests, service discontinuation or other events outside Pulse’s control. Some NFTs are “dynamic” and may change over time by design.
Ownership of an NFT does not, by itself, grant any intellectual property or other rights in the underlying content, brand or artwork except as expressly licensed by the applicable rights holder; any such license may be limited, subject to conditions, or revoked as permitted by law. Content may be subject to third‑party claims (including copyright, trademark or other rights claims) that could limit the display, transferability or use of the NFT. Pulse is not obligated to host, pin, display, index or continue to make available any content or metadata and may remove or restrict access to content at its sole discretion, including in response to legal notices or policy violations.
Royalties, rewards, benefits or other utility (including, without limitation, access to content or events, airdrops, staking, gating, or future features) are not guaranteed, may be modified or discontinued, may not be enforced or recognized across all marketplaces or networks, and may depend on third‑party support or technical standards outside Pulse’s control. Any statements regarding future functionality or utility are forward‑looking, non‑binding and subject to change. NFTs should not be acquired for speculative or investment purposes or with any expectation of profit.
Staking and Vesting Related Risks
Participation in vesting and staking services on the Platform involves the risk of loss, including impermanent loss. Cryptography and blockchain-based systems are evolving technologies with unique risks and this could result in the hack, theft or loss of any or all of your assets as part of the vesting and staking services on the Platform. Your vested assets may lose all value while you are participating in such services on the Platform. There is no guarantee that you will receive the rewards projected or anticipated.
V. THIRD-PARTY RISKS
Your ability to access or use the Platform and its services may depend on third‑party services and infrastructure (including oracles, indexers, data providers, storage networks, wallets and marketplaces). Outages, changes, exploits or discontinuation of such services may adversely affect your Tokens or your ability to access or use the Platform. These services are outside Pulse’s control, and Pulse shall not be liable for any damages arising therefrom.
VI. REGULATORY & LEGAL RISKS
Legal Uncertainty
Digital assets are subject to rapidly evolving regulatory environments. Laws, rules, and regulations governing the use, transfer, taxation, and classification of digital assets may change or be introduced without notice, potentially impacting the legality or viability of transactions conducted on the Platform. Regulatory measures in different jurisdictions could restrict your ability to access or utilize the Platform and may affect the value or security of your Tokens.
Taxation and Reporting
Digital assets may be subject to tax reporting, capital gains, or other taxation requirements under your local or international laws. Users are solely responsible for determining their tax obligations and for reporting and paying any applicable taxes. Pulse does not provide tax advice and shall not be liable for any tax-related obligations incurred by users.
Jurisdictional Compliance
Pulse operates globally, but users are responsible for ensuring that their use of the Platform is legal in their jurisdiction. Accessing or using the Platform in violation of local laws or regulations may result in the suspension or termination of your account. Pulse does not guarantee that the Platform is available in all jurisdictions or that it complies with all local laws.
VII. LIMITATION OF LIABILITY
By accessing or using the Platform and/or Tokens you accept all of the listed risks and agree that we shall not be in any way liable for any losses or damages incurred due to or in connection with such risks. You do hereby also acknowledge and agree that both the Platform and Tokens may be subject to additional risk disclosure statements that may be amended from time to time.
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