When opening a growth jar, you should understand that the returns are not risk free. We will work hard to protect your $SWEAT from these risks, but we can’t guarantee complete safety against them.
By creating a jar you accept these risks. Read through this document to understand how it works and what the risks are.
Risk 1: Price fluctuation
- Cryptocurrency prices fluctuate a lot every day
- The value of your $SWEAT, when exchanged for other crypto or traditional currencies, (like US Dollars or Bitcoin) will change
- The price could go up or down. We can’t guarantee or predict future prices
Risk 2: Financial
- We might become bankrupt, or otherwise are unable to pay back your $SWEAT principle or % interest
Risk 3: Hacking
- Your $SWEAT might be stolen by a malicious actor. For instance, a malicious actor may gain access to your $SWEAT wallet or our systems
- Your $SWEAT will be locked with us until the staking time period is completed. It’s unlikely, but possible that $SWEAT locked in growth jars could get hacked. In this scenario, we may not be able to return some of the funds
Risk 4: Legal
- We won’t be able to pay back the $SWEAT principle or % interest, if it becomes illegal for us to do it
- This could happen for reasons such as you participating in fraud or funding illegal activities, etc
Please also understand that Sweat Foundation is not a bank. Your $SWEAT or other assets are not insured or covered by any compensation scheme. Your Sweat Wallet is not a bank account or similar.