Risks

Risks Disclosure Statement

Risk of Software Weaknesses

Although we make reasonable efforts to ensure that the Meta Pool platform, Meta Pool protocol, and related software follow the high-security standards, we do not warrant or represent that the Meta Pool platform and Meta Pool protocol are secure or safe, or protected from fishing, malware or other malicious attacks. Further, Meta Pool platform, Meta Pool protocol, and related software may contain weaknesses, bugs, vulnerabilities, viruses or other defects which may have a material adverse effect on the operation of the Meta Pool platform, Meta Pool protocol, or may lead to losses and damages for you, other users of Meta Pool platform, Meta Pool protocol or third persons.

Risk Inherent in the Blockchain

Meta Pool protocol is or will be deployed on the NEAR blockchain main network, and later may be deployed on other blockchains. As a result, any malfunction, breakdown or abandonment of such blockchain(s) may have a material adverse effect on the Meta Pool platform or Meta Pool protocol. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Meta Pool platform, Meta Pool protocol, and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain. The smart-contract concept, the underlying software application and software platform (i.e., NEAR or other blockchain) are still in an early development stage and unproven. Although it is very unlikely, the blockchain, as well as any other blockchain, can be attacked which may result in downtime, consensus split, long reorganization of the chain, 51 percent attack, or other adverse outcomes each of which may lead to complete loss of your digital assets.

Risk of Flawed Logic of Meta Pool platform or Meta Pool protocol

The underlying logic of the Meta Pool platform, Meta Pool protocol, and related software may be flawed, defective or impaired, which can result in smart-contracts operating incorrectly or not as expected, or transactions being executed in violation of logic which underpins the smart-contracts, which can lead to partial or complete loss of digital assets used in the transaction.

Risk of Confusing User Interface

Certain user interface elements or design decisions can be confusing or mislead you, which may result in the execution of a different action or transaction than intended or desired, or connection of a wrong wallet, account or network.
Intended activities of Narwallets are subject to various laws and regulations in the countries where it operates or intends to operate. We might be obliged to obtain different licenses or other permissive documents in some or all jurisdictions where we intend to operate our business, therefore, our business in such jurisdictions shall always be subject to obtaining such licenses or permissive documents, if so directed by applicable laws. There is a risk that certain activities may be deemed in violation of any such law or regulation. Penalties for any such potential violation would be unknown. Additionally, changes in applicable laws or regulations or evolving interpretations of existing law could, in certain circumstances, result in increased compliance costs or capital expenditures, which could affect our ability to carry on the business model and develop the Meta Pool platform and/or Meta Pool protocol.

Risk of Theft

We make a commercially reasonable effort to ensure that any transactions carried out via or on the Meta Pool platform and Meta Pool protocol are secure. Notwithstanding the aforesaid, there is no assurance that there will be no theft of the digital assets as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, double-spent attacks, flash-loan attacks, vulnerabilities or defects of the Meta Pool platform, Meta Pool protocol, or related software, of the NEAR or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. Any of the above may lead to partial or complete theft or loss of digital assets used in transactions carried out on the Meta Pool platform or Meta Pool protocol.