**PLEASE READ THIS DISCLAIMER CAREFULLY BEFORE USING NOFX.**
By using NOFX (the "Software"), you acknowledge that you have read, understood, and agree to be bound by this disclaimer. If you do not agree with any part of this disclaimer, you should not use the Software.
### 1. No Financial Advice
NOFX is an **experimental software tool** for educational and research purposes only. Nothing contained in this Software should be construed as:
- ❌ Financial advice
- ❌ Investment advice
- ❌ Trading advice
- ❌ Legal advice
- ❌ Tax advice
- ❌ Any form of professional advice
**The Software does not provide, and should not be relied upon for, any form of financial, investment, legal, or tax advice.**
### 2. Experimental Nature
NOFX is an **experimental AI-powered trading system** that:
- ⚠️ Uses artificial intelligence which may make unpredictable decisions
- ⚠️ Is still under active development
- ⚠️ May contain bugs, errors, or vulnerabilities
- ⚠️ Has not been audited by professional financial advisors
- ⚠️ Has not been approved or endorsed by any financial regulatory authority
**USE AT YOUR OWN RISK.**
### 3. Trading Risks
Trading cryptocurrencies, stocks, futures, options, and other financial instruments carries **substantial risk** of loss and is not suitable for all investors. You should be aware of the following risks:
#### Market Risks
- 💸 You can lose **all or more than** your initial investment
- 📉 Markets are highly volatile and unpredictable
- 🌊 Sudden market movements can cause liquidation
- ⚡ "Flash crashes" can wipe out positions instantly
- 🌍 Global events can cause extreme volatility
#### Leverage Risks
- 🔥 Leverage amplifies both **gains and losses**
- ⚠️ Using high leverage can result in **rapid liquidation**
- 💥 Losses can exceed your initial deposit
- 🎲 Even small market moves can trigger margin calls
#### AI/Algorithm Risks
- 🤖 AI decisions are based on historical data and patterns
- 📊 Past performance does **not** guarantee future results
- 🔮 AI cannot predict black swan events
- 🐛 Software bugs may cause unexpected behavior
- ⏱️ System failures may prevent closing positions
#### Technical Risks
- 🌐 Internet connectivity issues
- 🔌 Exchange API downtime or rate limiting
- 💻 Hardware or software failures
- 🔒 Security breaches or hacks
- ⚡ Network latency causing slippage
#### Exchange Risks
- 🏦 Exchange insolvency or bankruptcy
- 🚫 Account freezing or restrictions
- 💰 Withdrawal delays or limits
- 🔐 Exchange hacks or security breaches
- ⚖️ Regulatory actions against exchanges
### 4. No Guarantees or Warranties
THE SOFTWARE IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:
- ❌ No warranty of merchantability
- ❌ No warranty of fitness for a particular purpose
- ❌ No warranty of non-infringement
- ❌ No warranty of accuracy or reliability
- ❌ No warranty of profitability
- ❌ No warranty of uptime or availability
**We make no guarantees about:**
- The Software's performance
- The accuracy of AI decisions
- The profitability of trades
- The safety of your funds
- The availability of the service
### 5. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW:
- 🚫 The developers and contributors of NOFX shall **NOT** be liable for any damages arising from the use of this Software
- 🚫 This includes but is not limited to: direct, indirect, incidental, special, consequential, or punitive damages
- 🚫 This includes loss of profits, loss of data, loss of funds, or any other commercial damages or losses
**YOU ASSUME ALL RISK AND LIABILITY** for your use of the Software.
### 6. User Responsibility
By using NOFX, you acknowledge and agree that:
- ✅ You are solely responsible for your trading decisions
- ✅ You are solely responsible for securing your API keys and private keys
- ✅ You are solely responsible for understanding the risks involved
- ✅ You are solely responsible for complying with applicable laws and regulations
- ✅ You are solely responsible for any tax obligations arising from your trading
- ✅ You will not hold the developers liable for any losses
### 7. Regulatory Compliance
- ⚖️ You are responsible for ensuring your use of the Software complies with all applicable laws and regulations in your jurisdiction
- 🌍 Cryptocurrency trading may be restricted or prohibited in certain jurisdictions
- 📋 You may need to register with financial authorities or obtain licenses
- 💵 You are responsible for reporting and paying any applicable taxes
**Using NOFX does not guarantee regulatory compliance.**
### 8. No Professional Relationship
- 🚫 No attorney-client relationship is created
- 🚫 No accountant-client relationship is created
- 🚫 No financial advisor-client relationship is created
- 🚫 No broker-client relationship is created
**You should consult with qualified professionals** before making financial decisions.
### 9. Testing and Paper Trading Recommended
We **strongly recommend** that you:
- ✅ Start with paper trading or testnet environments
- ✅ Test with small amounts you can afford to lose
- ✅ Thoroughly understand the system before live trading
- ✅ Monitor the system regularly
- ✅ Have a plan to handle emergencies
**Never invest more than you can afford to lose.**
### 10. Open Source Software
NOFX is open source software licensed under AGPL-3.0:
- 📖 You can review the source code
- 🔧 You can modify the code at your own risk
- 🤝 Contributions are welcome
- ⚖️ You must comply with the license terms
**Using or modifying the Software is at your own risk.**
### 11. Third-Party Services
NOFX integrates with third-party services (exchanges, AI APIs):
- 🔗 We are not responsible for third-party service outages
- 🔗 We are not responsible for third-party data accuracy
- 🔗 We are not responsible for third-party security breaches
- 🔗 You should review the terms of service of all third-party providers
### 12. Changes to Disclaimer
This disclaimer may be updated at any time without notice. Continued use of the Software after changes constitutes acceptance of the new disclaimer.
### 13. Severability
If any provision of this disclaimer is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this disclaimer will otherwise remain in full force and effect.
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