BEFORE USING ANY OF Jarvis Industries, Inc. dba earnJARVIS’ SERVICES, YOU SHOULD ENSURE THAT YOU FULLY UNDERSTAND AND CAN AFFORD TO UNDERTAKE THE RISKS INVOLVED. THIS RISK DISCLOSURE LISTS SOME, BUT NOT ALL OF THE RISKS INVOLVED IN HOLDING, TRADING AND USING CRYPTO ASSETS GENERALLY, AND USING earnJARVIS’ SERVICES SPECIFICALLY.
THIS RISK DISCLOSURE IS INTENDED TO PROVIDE YOU WITH A GENERAL OUTLINE OF THE RISKS INVOLVED, BUT CAN NOT CAPTURE ALL SUCH RISKS. THE RISKS LISTED BELOW THEREFORE DO NOT CONSTITUTE AN EXHAUSTIVE LISTS, AND ADDITIONAL SIGNIFICANT RISKS MAY BE APPLICABLE. YOU SHOULD ALWAYS DO YOUR OWN RESEARCH!
Jarvis Industries, Inc dba earnJARVIS (“us“, “we”, “earnJARVIS”, “Jarvis”, or “Company”),
earnJARVIS does not provide any legal, tax or financial advice and you are strongly advised to obtain independent legal, tax or financial advice prior to making any financial decision, including buying, trading, holding or using crypto assets. There are significant risks associated with crypto assets, and you are solely responsible to make sure you understand such risks and assess whether such risks are appropriate for you. earnJARVIS does not make any offers, recommendations or invitations for you to deal in crypto assets or use any services, and does not take into account your personal circumstances, financial situation, needs or goals. Before making any financial decision, you should carefully assess your financial situation and capacity, and only use funds that you can afford to lose.
Before entering into any transaction you should ensure that you understand and have made an independent assessment of the suitability and appropriateness of a transaction into which you are entering and the nature and extent of your exposure to risk of loss in light of your own objectives, financial and operational resources and other relevant circumstances.
Past performance is no guarantee of future results.
2. Risks Related to Crypto Assets Generally
Dealing in crypto assets can incur risk of financial loss. Crypto assets are by their nature highly volatile and you should be aware that the risk of loss in trading, investing or holding crypto assets can be substantial.
The value of crypto assets can be highly unpredictable, with significant price fluctuations within short periods of time. Crypto assets are extremely volatile, can experience significant price fluctuations within short periods of time and their value may not be guaranteed or backed by any government.
The value of crypto assets can be affected by unpredictable events, including the performance of world markets, interest rates, changes in taxation on income and capital, foreign exchange rates, regulatory and legislative changes, technological developments and market sentiment.
Crypto assets are not legal tender, and there is no guarantee that any person shall agree to accept them for their intended purpose at any time in the future. Market availability and liquidity may be limited or disrupted, and there can be no guarantee that you would be able to sell or exchange your crypto assets at any price.
The nature of crypto assets may entice an increased risk of fraud or cyber-attack, including rollback attacks or blockchain reorganizations.
Crypto asset transactions are not reversible. Erroneous transactions may result in irreversible loss of your funds.
Where you hold crypto assets in your on-chain digital wallet, you must be very cautious in maintaining your private keys and backup phrase. Loss of private keys and backup phrase may result in irreversible loss of your funds. Due to the decentralized nature of blockchain, there is no central party which may restore your private keys, extract your funds or reimburse you for your losses.
Any third party gaining access to your digital wallet can extract your funds, and you may not be able to identify or find such parties. Never provide any person with your wallet’s private keys or backup phrase.
Once you send crypto assets to an address, there is risk that you may lose access to, and any claim on, those crypto assets either indefinitely or permanently because, for example, an address may have been entered incorrectly. Losses due to fraudulent or accidental transactions may not be recoverable.
Crypto assets which are meant to mimic or follow the price of another asset (e.g. any fiat currency, commodity) may not always accurately reflect such prices, which can fluctuate above or below its intended value.
Crypto assets are largely unregulated in most parts of the world, and limited protection (if any) may be afforded to users in the event of loss. Crypto exchanges and service providers may not be subject to regulatory supervision.
Different jurisdictions may treat crypto assets differently, and the cross-border nature of the blockchain and of crypto assets may make them subject to the laws of various jurisdictions. You must always make sure that any use you make of any crypto asset is compliant with all applicable laws.
Different jurisdictions may impose specific tax rules and treatments to crypto assets. You must ensure you understand the tax implications of your activities, and always comply with all reporting and payment obligations applicable to you.
Blockchain technologies are susceptible to a wide variety of risks, from malicious attacks to technical difficulties and failures, which may result in loss of funds transacted or held over the blockchain, increased transaction costs or delays in execution.
3. Risks Related to Using earnJARVIS’ Services
earnJARVIS may suffer technological difficulties which may prevent the access or use of your account, or delay your transactions.
earnJARVIS’ top priority is the security of its systems, cryptoassets held by it and its users’ personal information. However, earnJARVIS (and third parties having authorized access or control over such assets) may suffer malicious attacks and security breaches, which may result in the compromise of such assets.
We try to ensure that the information on this site is correct, but we do not give any express or implied warranty as to its accuracy. We do not accept liability for any error or omission.
earnJARVIS conducts in-depth due diligence reviews of its technology partners, including security, financial and credibility. However, earnJARVIS can not guarantee that they shall not suffer any breaches, lose such assets or fail to return any assets to earnJARVIS, resulting in financial loss.
The rewards earnJARVIS pays users (via staking and the VISION Engine, not yet live) for staking their crypto assets are determined on or around a weekly basis, based on a variety of considerations. earnJARVIS’ does NOT maintain reward rates over time, for staking, any change in circumstances may bring about changes to such rates, and in some events the rates may drop to 0%. Users will have the option to discontinue using the “VISION Engine” and staking functions at any time.
Please research more about staking as risks exist with validators getting “slashed” due to incorrectly authenticating transactions. While the risk here is low and our staking partners provide coverage for this, we encourage you to do your own research.
Your earnJARVIS account is not a deposit, checking or savings account, and it is not covered by insurance against losses. We will do our best commercial and operational efforts to prevent losses.
Legislative and regulatory changes or actions at the state, national, or international level may adversely affect earnJARVIS’ ability to continue to provide some or all of its services in any jurisdiction, continue to support any particular crypto asset or continue to serve any specific user or group of users. earnJARVIS can not guarantee the continued and uninterrupted provision of the services to you.
earnJARVIS’ systems, as well as those of third parties utilized by earnJARVIS,, may be subject to errors, bugs, disruptions, interruptions and communication failures, which may result in delays, errors, temporary suspension or inaccessibility of the services, which might cause damages or losses to the user of the services.
Jarvis Industries, Inc is registered As a Money Service Business (MSB) No. 31000208203446
with the United States
Financial Crimes Enforcement Network (FinCEN).
Crypto assets are not legal tender, earnJARVIS is not a bank or depository institution, and your earnJARVIS account is not a deposit or savings account. Crypto assets in your earnJARVIS account are not held by earnJARVIS as a custodian or fiduciary, are not insured by any private or governmental insurance plan (including the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC)), and are not covered by any compensation scheme (including the Financial Ombudsman and Financial Services Compensation Scheme (FSCS)).
Last updated February 2022