Risk Disclosure

EFFECTIVE DATE: [Effective Date] — DRAFT v0.1 (pending review)

Trading involves substantial risk of loss and is not suitable for every investor. Please read this disclosure carefully before using IOST Terminal ("the Service"). It does not disclose all risks; it is a summary of the most important ones.

⚠ YOU CAN LOSE MONEY. Past performance, backtests, AI scores, signals and probabilities do not guarantee future results. Never trade money you cannot afford to lose.

1. Paper trading vs live trading

By default the Service runs in paper mode: all positions, P&L and balances are simulated with virtual funds and have no real-world financial effect. Results shown in paper mode do not represent actual trading outcomes and may differ materially from live results (slippage, fees, fills, liquidity, latency, and market impact are not fully simulated).

Live trading (real money, real positions on third-party venues such as crypto exchanges) is a separate, explicitly enabled mode. It is not available by default and requires you to take deliberate action to enable it — including, where applicable, connecting your own exchange API keys. Every interface that can affect real funds is clearly labeled as live.

2. Not investment advice

The Service provides automated analyses — trade scores, grades, signals, probabilities, sentiment, on-chain data and AI-generated commentary. These are informational outputs of software systems, not personalized investment advice, recommendations, or solicitations. Nothing in the Service should be relied upon as advice about what to buy, sell, or hold. You — not the Service — are responsible for your investment decisions.

3. Crypto volatility and market risk

Cryptocurrency prices are highly volatile and can move dramatically in seconds; assets can lose most or all of their value, and some may become illiquid or delisted.
Automated trading (e.g. Autopilot) executes without per-trade human review; a fast-moving or malfunctioning market can produce losses before you can intervene. Autopilot operates at your explicit election, and you remain responsible for its configured parameters and their consequences.
Exchanges may experience outages, forced liquidations, withdrawals halts, hacks, or insolvency. Orders placed through the Service are subject to the venue's rules and risks, over which we have no control.
Data feeds may be delayed, interrupted, or incorrect, which can cause automated decisions to be based on stale or wrong information.

4. Leverage and derivatives

If you use margin, leverage or derivative products (perpetuals, futures, options), losses can exceed your deposited funds. Be aware of the specific contract terms — including funding rates, liquidation prices and taker/maker fees — before trading.

5. Technical and operational risk

The Service is software under active development (see Terms of Service). Bugs, downtime, latency, browser or hardware failure, or human error can cause missed entries, duplicate orders, or unintended positions. We are not liable for such losses to the maximum extent permitted by law. Keep your own records and consider limiting the funds exposed to automation.

6. Consult a professional

If you are unsure whether trading is appropriate for you, or about the tax, legal or regulatory treatment of your trading activity, consult an independent financial advisor, tax professional or attorney. Nothing in this disclosure or the Service is legal, tax or investment advice.

7. Acknowledgment

By using the Service you acknowledge that you have read and understood this Risk Disclosure and the Terms of Service, and that you accept these risks.

DRAFT — Prepared for review by CALLY and counsel. Placeholders marked [brackets] must be filled in before publication. This page does not replace venue-specific disclosures (e.g. your exchange's own risk warnings).