Risk Disclosure POLICY
Effective Date: 1 March 2025
This is the Risk Disclosure Policy ("Policy") of Pulse World, a company incorporated in the British Virgin Islands ("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 XPL Token ecosystem.
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.
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.
No Warranties Pulse disclaims all warranties, express or implied, including:
Merchantability or fitness for a particular purpose;
Non-infringement of third-party rights;
Virus-free or secure environment;
Accuracy, timeliness, or completeness of service performance.
Technological Risks
Users are responsible for ensuring device, browser, and wallet compatibility.
Use of outdated software may expose users to security or operational issues.
User Behavior Risks
Errors such as incorrect wallet address entries or missed confirmations are irreversible and entirely the user’s responsibility.
Failure to act on required prompts may result in failed transactions or asset loss.
II. BLOCKCHAIN & SMART CONTRACT RISKS
Smart Contracts and Governance Some services on the Platform operate via immutable smart contracts that cannot be reversed once executed. Pulse may not control these smart contracts post-deployment. Risks include:
Coding vulnerabilities, bugs, or unintended functions;
Changes to the governance or structure of smart contracts that may not align with individual user interests.
Blockchain-Specific Risks
Irreversible Transactions: Mistakenly sent tokens cannot be recovered.
Network Congestion: May delay or disrupt transaction execution.
Forks: Blockchain forks can lead to duplicate or conflicting assets or services.
Consensus Failure: The network may fail to confirm transactions properly.
Immutable Data: Data stored on blockchain may be permanent.
III. DIGITAL ASSET & MARKET RISKS
Volatility Cryptocurrencies and tokens such as XPL are highly volatile and subject to rapid changes in value due to market trends, regulatory events, and liquidity fluctuations.
Liquidity Risks Certain tokens may become illiquid, making it difficult to buy, sell, or trade without significant slippage or delay.
Capital Loss Users may lose their entire investment. Tokens may be delisted or lose value with no recovery mechanism.
Security Risks
Private Key Management: Users are solely responsible for securing their private keys and credentials.
Non-Custodial Environment: Pulse does not hold or recover wallets. Loss of access credentials leads to permanent asset loss.
Phishing Attacks: Users are responsible for protecting against social engineering and scams.
Security Breaches: Pulse is not liable for hacks or unauthorized access to your data, wallet, or digital assets.
IV. OPERATIONAL RISKS
Technical Failures
Bugs, infrastructure issues, or downtime may interrupt service.
Data integrity or availability is not guaranteed. Users should maintain personal backups.
Third-Party Dependencies
Pulse may integrate with wallets, oracles, or exchanges operated by third parties.
Pulse is not liable for service outages, errors, or losses resulting from third-party systems.
V. REGULATORY & LEGAL RISKS
Legal Uncertainty The regulatory environment for digital assets varies and may change. Users must comply with applicable laws in their jurisdiction.
Possible Restrictions Services or tokens may become unavailable due to regulatory actions or restrictions in certain countries.
Taxation and Reporting Users are solely responsible for determining their tax obligations and for reporting and paying any applicable taxes.
Jurisdictional Compliance Use of the Platform across multiple jurisdictions may present legal risks. Pulse does not provide legal advice. Users are advised to seek their own counsel.
VI. TAX DECLARATION & DISCLAIMER
Responsibility: Users are fully responsible for complying with any applicable tax obligations.
Non-Liability: Pulse accepts no responsibility for tax liabilities arising from use of the Platform or participation in the XPL Token economy.
Professional Guidance: Users are strongly advised to consult tax professionals.
No Financial Advice: Nothing in this Policy constitutes tax or legal advice.
VII. LIMITATION OF LIABILITY
Pulse, its partners, affiliates, and team members shall not be liable for any direct or indirect loss, including:
Loss of profits or digital assets;
Downtime or service unavailability;
Transaction errors;
Hacks or security breaches;
Regulatory changes or enforcement actions.
Users access and use the Platform at their own risk.
VIII. CONCLUSION
By accessing and using the Platform and its services, including any interaction with XPL or blockchain-based tools, you acknowledge and accept the risks described herein. You should not engage with the Platform unless you fully understand these risks and are capable of assuming them independently.
Users are encouraged to conduct thorough due diligence and seek professional advice before making any decisions related to the use of digital assets or the Pulse ecosystem.
Last updated
Was this helpful?