Disclaimer
1. No Expectation of Profit from Others
Users engaging with PowerX should have no expectation of profit derived from the work of others. All benefits and outcomes are tied solely to your own actions within the system.
2. No Common Enterprise
PowerX operates without a common enterprise or reliance on efforts by promoters or third parties. Users generate and maintain their own keys independently, ensuring complete control. PowerX does not hold or issue keys to users. Bonuses within the system are algorithmically determined, reflecting system conditions without drawing from other users' balances.
3. Learn and Verify
Wherever possible, we encourage you to understand the technical foundations of the systems you engage with. If you're not proficient in programming, consult with a trusted expert who can review and explain the code or systems you plan to utilize.
4. Cutting-Edge Technology Risks
Blockchains, smart contracts, and cryptocurrencies are experimental and inherently risky. Despite rigorous development efforts, total failure is a possibility due to unforeseen vulnerabilities, technical challenges, or cryptographic breakthroughs. While strong cryptography underpins much of the technology, its infallibility is not guaranteed.
5. The Howey Test and Regulatory Considerations
The U.S. Howey Test governs whether a financial arrangement constitutes an investment contract under federal securities law. PowerX explicitly avoids conditions of "investment of money" or "common enterprise." Users must agree to engage solely for utility purposes without speculative motives.
6. Cryptocurrency Volatility
Cryptocurrencies are highly volatile and prone to extreme price fluctuations. Historical examples, including Bitcoin, demonstrate recurring cycles of significant gains and catastrophic losses. Many cryptocurrencies experience 85-95% declines at some point, and some never recover. Always assess your risk tolerance carefully.
7. Responsibility for Technical and Investment Risks PowerX assumes no responsibility for:
User errors, such as forgotten credentials or misdirected transactions. Technical issues, including hardware failures or corrupted data. Security vulnerabilities, whether internal or caused by third parties. Losses due to volatility or improper use of tools.
8. Tax Compliance
Users are solely responsible for determining and fulfilling their tax obligations. PowerX does not provide tax advice or handle reporting on behalf of users.
9. No Warranties, Limitation of Liability
PowerX operates "as is," with no warranties regarding performance, reliability, or suitability for specific purposes. In no event shall PowerX or its contributors be liable for damages arising from the use or inability to use its platform, including loss of funds, data, or opportunities.
10. Arbitration and Governing Law
By using PowerX, you agree to resolve disputes through binding arbitration, except for intellectual property claims. PowerX services are governed by applicable laws, subject to jurisdictional limitations.
11. General Notes
Be vigilant. The blockchain environment is unforgiving, and simple mistakes often lead to irreversible loss. Always consult qualified professionals for legal, financial, or technical guidance. Past performance of any asset or tool is not indicative of future results. Links provided for reference do not imply endorsement or guarantee of third-party content or services.
Closing Note
Technology is complex, and blockchain systems add additional layers of intricacy. While PowerX strives to provide a functional and innovative platform, the inherent risks remain significant. Engage responsibly, with thorough research and an understanding of potential outcomes.