Web3 Risk Disclosure
Web3 Risk Disclosure
JBM Block LLCRegistered Address: 1200 Riverplace Blvd Suite 105, Jacksonville, FL 32207Last Updated: November 2024
This Web3 Risk Disclosure explains certain risks related to blockchain technology, smart contracts, digital wallets, tokens, NFTs, digital assets, decentralized applications, prediction markets, gaming economies, reward systems, and related tools made available through JBM Block LLC. (“JBM Block,” “Company,” “we,” “us,” or “our”).
This disclosure is not financial, investment, legal, tax, accounting, or regulatory advice. You should consult your own professional advisors before using blockchain-based products or digital assets.
1. General Technology Risk
Blockchain, Web3, smart contracts, digital assets, tokenized rewards, decentralized applications, and related technologies are experimental, evolving, and subject to technical, legal, regulatory, operational, and market risks.
By using JBM Block Studio, JBM Game Hub, wallet tools, token tools, NFT tools, marketplace tools, reward systems, or other Web3-related features, you accept these risks.
2. No Financial or Investment Advice
JBM Block does not provide investment advice, financial advice, trading advice, legal advice, tax advice, or accounting advice.
Nothing on the Platform should be interpreted as:
A recommendation to buy, sell, hold, mint, stake, trade, or transfer any digital asset;A promise of profit;A guarantee of value;A securities offering;An investment contract;A financial product recommendation.
You are solely responsible for your decisions and for consulting qualified advisors.
3. Digital Asset Value Risk
Tokens, NFTs, reward points, game items, digital collectibles, and other digital assets may have no value, may lose value, may be illiquid, or may not be transferable.
Market value, if any, can be highly volatile and may be affected by demand, supply, regulation, platform rules, technical issues, third-party marketplaces, user behavior, and broader market conditions.
The Company does not guarantee the value, liquidity, transferability, legality, or future utility of any token, NFT, point, reward, game item, or digital asset.
4. Smart Contract Risk
Smart contracts may contain bugs, vulnerabilities, errors, incorrect logic, upgrade limitations, integration issues, or security weaknesses.
Smart contract transactions may be irreversible. Once a transaction is submitted to a blockchain, it may not be possible to cancel, reverse, modify, or recover the transaction.
The Company is not responsible for losses caused by smart contract errors, blockchain failures, user mistakes, wallet compromise, malicious contracts, or third-party integrations.
5. Wallet Risk
Use of wallets involves risk. You are responsible for maintaining control of your wallet, login credentials, recovery phrases, private keys, authentication methods, and connected accounts.
Loss of access to a wallet may result in permanent loss of access to tokens, NFTs, points, rewards, or digital assets.
The Company is not responsible for lost wallets, compromised wallets, stolen credentials, phishing attacks, unauthorized transactions, or user error.
6. Blockchain Network Risk
Blockchain networks may experience congestion, downtime, forks, validator failures, governance changes, attacks, failed transactions, increased gas fees, delayed confirmations, or protocol changes.
The Company does not control public blockchain networks and is not responsible for network errors, transaction delays, gas fees, failed transactions, chain reorganizations, or blockchain-level losses.
7. Third-Party Service Risk
JBM Block may rely on third-party services, including wallet providers, payment processors, cloud providers, blockchain infrastructure providers, analytics tools, marketplaces, identity providers, game engines, APIs, and AI services.
Third-party services may fail, change, suspend access, suffer security incidents, impose fees, restrict functionality, or terminate services.
The Company is not responsible for third-party service failures, downtime, pricing, policies, security events, or decisions.
8. Regulatory Risk
Laws and regulations related to blockchain, digital assets, NFTs, tokens, rewards, gaming, gambling, prediction markets, wallets, payments, money transmission, tax, consumer protection, and securities are evolving and may vary by jurisdiction.
A feature, token, reward, game mechanic, prediction market, or digital asset that is available in one jurisdiction may be restricted or prohibited in another.
You are responsible for understanding and complying with all laws applicable to your use of the Platform.
9. Tax Risk
Transactions involving tokens, NFTs, rewards, prizes, digital assets, points, payments, redemptions, or transfers may create tax obligations.
You are solely responsible for determining, reporting, and paying any taxes associated with your activity.
The Company does not provide tax advice.
10. Gaming, Rewards, and Prediction Market Risk
Games, rewards, points, prize systems, prediction markets, raffles, promotions, and redemption programs may be subject to specific laws and restrictions.
Some jurisdictions regulate or prohibit certain types of contests, sweepstakes, gambling, wagering, prediction markets, prize promotions, or paid-entry reward systems.
You are responsible for ensuring that your use of such features is lawful in your jurisdiction.
11. No Guarantee of Platform Availability
The Platform may be modified, suspended, limited, or discontinued at any time. Features, supported networks, wallet providers, smart contract templates, marketplace tools, reward systems, games, and integrations may change without notice.
The Company does not guarantee uninterrupted access, continued support, or permanent availability of any feature.
12. Security Risk
Although the Company may use commercially reasonable security measures, no system is completely secure.
Security incidents may occur, including hacks, phishing attacks, malware, unauthorized access, credential theft, smart contract exploits, infrastructure attacks, wallet compromise, or third-party breaches.
You are responsible for using strong passwords, protecting devices, enabling available security features, verifying links, and avoiding suspicious transactions.
13. User Responsibility
You are solely responsible for:
Reviewing transactions before approval;Understanding wallet connections;Verifying addresses, networks, fees, and contract interactions;Complying with applicable law;Protecting your credentials;Understanding the risks of digital assets;Seeking professional advice when needed.14. Acceptance of Risk
By using any Web3, blockchain, wallet, token, NFT, reward, marketplace, game, prediction market, or smart contract feature provided by or through JBM Block, you acknowledge and accept the risks described in this disclosure.
15. Contact
If you have questions about this Web3 Risk Disclosure, contact: jbmblock.com
JBM Block LLCRegistered Address: 1200 Riverplace Blvd Suite 105, Jacksonville, FL 32207Last Updated: November 2024
This Web3 Risk Disclosure explains certain risks related to blockchain technology, smart contracts, digital wallets, tokens, NFTs, digital assets, decentralized applications, prediction markets, gaming economies, reward systems, and related tools made available through JBM Block LLC. (“JBM Block,” “Company,” “we,” “us,” or “our”).
This disclosure is not financial, investment, legal, tax, accounting, or regulatory advice. You should consult your own professional advisors before using blockchain-based products or digital assets.
1. General Technology Risk
Blockchain, Web3, smart contracts, digital assets, tokenized rewards, decentralized applications, and related technologies are experimental, evolving, and subject to technical, legal, regulatory, operational, and market risks.
By using JBM Block Studio, JBM Game Hub, wallet tools, token tools, NFT tools, marketplace tools, reward systems, or other Web3-related features, you accept these risks.
2. No Financial or Investment Advice
JBM Block does not provide investment advice, financial advice, trading advice, legal advice, tax advice, or accounting advice.
Nothing on the Platform should be interpreted as:
A recommendation to buy, sell, hold, mint, stake, trade, or transfer any digital asset;A promise of profit;A guarantee of value;A securities offering;An investment contract;A financial product recommendation.
You are solely responsible for your decisions and for consulting qualified advisors.
3. Digital Asset Value Risk
Tokens, NFTs, reward points, game items, digital collectibles, and other digital assets may have no value, may lose value, may be illiquid, or may not be transferable.
Market value, if any, can be highly volatile and may be affected by demand, supply, regulation, platform rules, technical issues, third-party marketplaces, user behavior, and broader market conditions.
The Company does not guarantee the value, liquidity, transferability, legality, or future utility of any token, NFT, point, reward, game item, or digital asset.
4. Smart Contract Risk
Smart contracts may contain bugs, vulnerabilities, errors, incorrect logic, upgrade limitations, integration issues, or security weaknesses.
Smart contract transactions may be irreversible. Once a transaction is submitted to a blockchain, it may not be possible to cancel, reverse, modify, or recover the transaction.
The Company is not responsible for losses caused by smart contract errors, blockchain failures, user mistakes, wallet compromise, malicious contracts, or third-party integrations.
5. Wallet Risk
Use of wallets involves risk. You are responsible for maintaining control of your wallet, login credentials, recovery phrases, private keys, authentication methods, and connected accounts.
Loss of access to a wallet may result in permanent loss of access to tokens, NFTs, points, rewards, or digital assets.
The Company is not responsible for lost wallets, compromised wallets, stolen credentials, phishing attacks, unauthorized transactions, or user error.
6. Blockchain Network Risk
Blockchain networks may experience congestion, downtime, forks, validator failures, governance changes, attacks, failed transactions, increased gas fees, delayed confirmations, or protocol changes.
The Company does not control public blockchain networks and is not responsible for network errors, transaction delays, gas fees, failed transactions, chain reorganizations, or blockchain-level losses.
7. Third-Party Service Risk
JBM Block may rely on third-party services, including wallet providers, payment processors, cloud providers, blockchain infrastructure providers, analytics tools, marketplaces, identity providers, game engines, APIs, and AI services.
Third-party services may fail, change, suspend access, suffer security incidents, impose fees, restrict functionality, or terminate services.
The Company is not responsible for third-party service failures, downtime, pricing, policies, security events, or decisions.
8. Regulatory Risk
Laws and regulations related to blockchain, digital assets, NFTs, tokens, rewards, gaming, gambling, prediction markets, wallets, payments, money transmission, tax, consumer protection, and securities are evolving and may vary by jurisdiction.
A feature, token, reward, game mechanic, prediction market, or digital asset that is available in one jurisdiction may be restricted or prohibited in another.
You are responsible for understanding and complying with all laws applicable to your use of the Platform.
9. Tax Risk
Transactions involving tokens, NFTs, rewards, prizes, digital assets, points, payments, redemptions, or transfers may create tax obligations.
You are solely responsible for determining, reporting, and paying any taxes associated with your activity.
The Company does not provide tax advice.
10. Gaming, Rewards, and Prediction Market Risk
Games, rewards, points, prize systems, prediction markets, raffles, promotions, and redemption programs may be subject to specific laws and restrictions.
Some jurisdictions regulate or prohibit certain types of contests, sweepstakes, gambling, wagering, prediction markets, prize promotions, or paid-entry reward systems.
You are responsible for ensuring that your use of such features is lawful in your jurisdiction.
11. No Guarantee of Platform Availability
The Platform may be modified, suspended, limited, or discontinued at any time. Features, supported networks, wallet providers, smart contract templates, marketplace tools, reward systems, games, and integrations may change without notice.
The Company does not guarantee uninterrupted access, continued support, or permanent availability of any feature.
12. Security Risk
Although the Company may use commercially reasonable security measures, no system is completely secure.
Security incidents may occur, including hacks, phishing attacks, malware, unauthorized access, credential theft, smart contract exploits, infrastructure attacks, wallet compromise, or third-party breaches.
You are responsible for using strong passwords, protecting devices, enabling available security features, verifying links, and avoiding suspicious transactions.
13. User Responsibility
You are solely responsible for:
Reviewing transactions before approval;Understanding wallet connections;Verifying addresses, networks, fees, and contract interactions;Complying with applicable law;Protecting your credentials;Understanding the risks of digital assets;Seeking professional advice when needed.14. Acceptance of Risk
By using any Web3, blockchain, wallet, token, NFT, reward, marketplace, game, prediction market, or smart contract feature provided by or through JBM Block, you acknowledge and accept the risks described in this disclosure.
15. Contact
If you have questions about this Web3 Risk Disclosure, contact: jbmblock.com