Your use of the Kaching protocol involves various risks, including, but not limited to, losses while digital assets are being supplied to the Kaching protocol. Before using the Kaching protocol, you should review the relevant documentation to make sure you understand how the Kaching protocol works.
AS DESCRIBED IN THE KACHING PROTOCOL LICENCES, THE KACHING PROTOCOL AND SITE ARE PROVIDED ”AS IS”, AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. No developer or entity involved in creating the Kaching protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the Kaching protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value.
By using the Kaching protocol, you acknowledge and agree that your interaction with the protocol is at your own risk. You accept full responsibility for any losses, damages or other consequences resulting from your use of the protocol, and you agree to indemnify and hold harmless Kaching and any associated developers or entities from any claims, liabilities or expenses arising from your use of the protocol. A non-exhaustive list sets out some of the applicable risks involved in interacting with the protocol below.
Digital Assets Risk
There are inherent risks associated with using virtual assets and participating in virtual asset transactions, including, without limitation:
Partial or total loss of virtual assets or initial capital;
Delisting or collapse in liquidity with respect to certain virtual assets;
Changes in the compatibility of a virtual asset with the protocol;
Regulatory uncertainty and government or legal enforcement action against certain virtual assets or categories of virtual assets or projects involved in digital asset activities, including, without limitation, the prohibition of virtual assets in certain jurisdictions;
Extreme volatility with respect to a certain virtual asset or market behaviour, market forces, transaction parameters and value attributed to virtual assets;
Delays in or complete failure of virtual asset transactions being confirmed; and
Instability, congestion, disruptions, errors, high transaction costs, network latency.
Third Party Risk
There are counterparty risks in using the Kaching protocol.
The Kaching protocol uses several other protocols. Therefore the first type of risk is the risk that these other integrated protocols can fail. Specifically, by using Kaching you are also taking on the risks of using the Cronos chain, the collateral you are staking, and the yield service, including, without limitation, Tectonic Finance.
Kaching may rely on or integrate third-party platforms, services or technologies. Any issues, changes or disruptions to these third-party components could negatively impact the protocol, performance or user experience. Furthermore, the intellectual property rights surrounding the assets on the website and protocol may be subject to dispute, infringement or other legal issues that could negatively impact the protocol or the value of relevant assets.
The success of the Kaching protocol depends on the active participation and engagement of its user community. If the community’s interest or involvement declines, the protocol’s performance and ecosystem may suffer, potentially leading to reduced value and a diminished user experience.
As with any online platform, the Kaching website at https://kaching.win/ may rely on software or other technologies which may fail or experience issues, and it may be susceptible to hacking, phishing, or other cyber attacks. It is your responsibility as a user to take precautions to secure their accounts and personal information and be vigilant against potential threats.
Smart Contract Risk
As with any blockchain-based services or code, there is a risk that there could be some sort of bug, fault, defect, hack, error, exploit or unforeseen circumstances with respect to the Kaching Protocol or smart contracts or technologies that the protocol depends on. Depending on what the bug, fault, defect, hack, error, or exploit is, a bad actor may be able to take some or all of the funds stored in the Kaching protocol. Possible attacks on the Kaching protocol or the technologies that the protocol depends on include, without limitation, distributed denial of service, Sybil attacks, phishing, social engineering, hacking, smurfing, malware, double-spending, majority-mining, consensus-based or other mining attacks, misinformation campaigns, forks, and spoofing. Other potential risks include market misconduct by participants on Kaching protocol, including, without limitations, market manipulation, trading on the basis of non-public information, and front-running.
The development and improvement of the Kaching protocol depends on the ongoing efforts of the team and the resources available to them. There is no guarantee that the protocol will achieve its development goals or continue to make improvements, and the protocol may experience delays, setbacks, or other challenges during its development process.
Wallet Loss Risk
This risk doesn’t have anything to do with Kaching but we wanted to mention it. Using Kaching requires you to use a self-custodial wallet that supports Cronos dApps. If you permanently lose access to this wallet, or if your seed phrase or private keys are compromised, this is entirely your responsibility and it is likely that you will not be able to recover your funds. Different wallets have different recovery mechanisms. It’s important for you to know what those are and be able to recover your wallet.
The above list of potential risks is not exhaustive and is not intended to capture the extent of all possible risks. Participants should consider all risks and assess the nature of and their own appetite for the relevant risks independently and consult their advisers before making any decisions in participating in Kaching. YOU ARE RESPONSIBLE FOR YOUR OWN RISKS.