Risk Disclosure

Please read this statement carefully before investing.

This Risk Disclosure Statement provides information about the risks associated with investing in Virtual Gold Coins (VGCs) on the AuricX platform. The Service is a high-risk investment product, and you should not invest money that you cannot afford to lose. By using the Service, you acknowledge that you have read, understood, and accepted the risks outlined below.

1. Nature of the Investment

VGCs are Not Physical Gold: VGCs are proprietary digital assets specific to the AuricX platform. They do not represent ownership of physical gold, gold-backed securities, or any other tangible asset. Their value is determined by the platform's internal mechanics and trading algorithms, not the global market price of gold.

High-Risk Product: The AuricX investment model is designed to generate returns through automated trading. While we advertise "guaranteed returns," this guarantee is based on the continued successful performance of our proprietary algorithms and the overall financial health of the platform. There is an inherent risk that the platform may fail to meet its obligations.

2. Market and Performance Risks

Algorithm Performance Risk: Our automated trading system relies on complex algorithms. Past performance is not indicative of future results. Extreme market volatility, unforeseen economic events, or flaws in the algorithm could lead to performance degradation or losses, potentially impacting the platform's ability to provide the advertised returns.

Platform Solvency Risk: The "guaranteed returns" are contingent on the platform's ability to generate sufficient profits from its trading activities to cover its obligations to all users. In the event of sustained platform-wide losses, there is a risk that AuricX may be unable to honor profit guarantees or return principal investments.

3. Liquidity and Operational Risks

Mandatory Lock-in Period: Your investment is locked for a period of 30 days plus a 24-hour processing window. During this time, you have no access to your funds and cannot liquidate your position, regardless of your financial needs or changes in market conditions. This lack of liquidity is a significant risk.

Technology Risk: The Service relies on sophisticated software, servers, and network infrastructure. Any failure, bug, or breach of this technology could disrupt service, corrupt data, or result in financial loss. This includes potential failures in the Supabase backend service we rely on.

Cybersecurity Risk: Digital asset platforms are prime targets for cyberattacks. Despite our security measures, there is a risk of hacking, phishing, or other malicious activities that could compromise your account or the platform itself, potentially leading to the loss of funds.

4. Regulatory and Legal Risks

Evolving Regulations: The regulatory landscape for digital assets and online investment platforms is uncertain and constantly evolving. New laws or regulations in India or other jurisdictions could negatively impact or even prohibit the operation of the AuricX platform, potentially leading to a suspension of services and loss of access to your funds.

Tax Liability: You are solely responsible for determining and fulfilling your tax obligations on any profits earned through the Service. Tax laws for digital assets can be complex and may change. We recommend consulting a qualified tax advisor.

5. Counterparty and Payment Risks

Cryptocurrency Risk: The platform uses USDT for payments. The value of USDT can fluctuate, and the stablecoin itself carries risks related to its backing and the solvency of its issuer. Furthermore, blockchain transactions are irreversible. Sending funds to an incorrect address will result in a permanent loss of those funds.

Third-Party Risk: We rely on third-party service providers, including Supabase for our backend infrastructure. Any disruption or failure of these services could negatively impact our platform's functionality and your investments.

6. No Investment Advice

AuricX does not provide financial, legal, or tax advice. The information provided on our platform is for informational purposes only. You should conduct your own research and consult with independent professional advisors before making any investment decisions. You are solely responsible for evaluating the merits and risks associated with the use of our Service.

7. Acknowledgment of Risks

By creating an account and using the AuricX Service, you declare that:

  • You have read and fully understood this Risk Disclosure statement.
  • You acknowledge that investing in VGCs is a high-risk activity.
  • You are investing with funds that you can afford to lose entirely.
  • You release AuricX and its affiliates from any liability for losses incurred as a result of the risks inherent in the Service.

Investing on this platform is not suitable for everyone. If you are not comfortable with these risks, please do not use the Service.