Upon completion of the registration and identity verification for your Coinomo Account, you may conduct Crypto-to-crypto Trading on Coinomo in accordance with the provisions of the Coinomo general Terms and trading terms and rules. An investment on Coinomo platform involves a high degree of risk, including the risk that the entire amount invested may be lost.
As a crypto trading desk, we will seek exchange prices per customer request on open market and offer it to customer for confirmation and execution. There is no guarantee that the price we offer is the lowest in the market. Upon sending an instruction of using Coinomo Services for Crypto-to-crypto Trading (an “Order”), Coinomo will seek out a quote and offer the quoted price to you for confirmation. The order will remain uncompleted until it is fully executed or cancelled under paragraph (b) below. To conclude a Transaction, you authorize Coinomo to temporarily control the Digital Currencies involved in your Transaction.
For orders initiated through Coinomo Services, you may only cancel them before they have been confirmed and executed. Once your Order has been confirmed and executed, you may not change, revoke or cancel Coinomo’s authorization to complete the Order. Coinomo reserves the right to reject any cancellation request related to the Order you have submitted. If your account does not have sufficient amount of Digital Currencies to execute an Order, Coinomo may cancel the entire Order, or execute part of the Order with the amount of Digital Currencies you currently have in your account (in each case, any Transaction related fees payable to Coinomo are deducted as stated in paragraph (c) below).
Prices quoted to you have included the exchange fees to be charged unless otherwise specified. You agree to the fees when you agree to the exchange prices and confirm the exchanges.
When you choose to buy (or sell) crypto currencies with Fiat currency (e.g. Indonesia Rupiah), you acknowledge that the fulfilment of such fiat payment will involve third party payment gateways, which may or may not involve additional transaction charges. By confirming the fiat trading orders, you agree to these charges and agree to let Coinomo share your information with external partners to facilitate the successful fiat trading transactions.
Investing in Coinomo Yield Products & Other Coinomo Investment Products
Coinomo Yield Products actively invest in and trade financial instruments using strategies and investment techniques with significant risk characteristics, including risks arising from the volatility of the crypto markets, risks of borrowings and short sales, risks arising from leverage associated with trading in the crypto currencies/assets and over-the-counter derivatives markets, the illiquidity of derivative instruments and the risk of loss from counterparty defaults. No guarantee or representation is made that the investment program will be successful or that the returns will be similar to the targeted APY (Annualized Projected Yield) quoted.
Coinomo Yield Products may use such investment techniques as option transactions, margin transactions, short sales, leverage, derivatives trading and futures and forward contracts, which are practices that can involve substantial volatility and can, in certain circumstances, substantially increase the adverse impacts to which the Coinomo investment products may be subject.
All investments risk the loss of capital. The investment techniques and strategies and the nature of the securities and or instruments to be purchased and traded may increase this risk. While the Coinomo team will devote its best efforts to a good product, there can be no assurance that various investment products on Coinomo platform will not incur losses. Many unforeseeable events may cause sharp market fluctuations, which could adversely affect the investment. Changes in the macroeconomic environment, including, for example, interest rates, inflation rates, industry conditions, competition, technological developments, political events and trends, changes to tax laws, currency exchange rates, regulatory policy, employment and consumer demand and innumerable other factors, can substantially and adversely affect the performance of an underlying investment strategy. None of these conditions will be within the control of the Coinomo Team.
Digital assets are assets that are loosely regulated and there is no central marketplace for currency exchange of such digital assets. Supply of the digital assets is determined by a computer code, not by a central bank, and prices can be extremely volatile. Several factors may affect the price of digital assets, including, but not limited to: supply and demand, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates or future regulatory measures (if any) that restrict the trading of digital assets or the use of digital assets as a form of payment. There is no assurance that digital assets will maintain their long-term value in terms of purchasing power in the future, or that acceptance of digital asset payments by mainstream retail merchants and commercial businesses will continue to grow.
A principal risk of an investment into regulated derivatives whose underlying exposure is digital assets is the rapid fluctuation of their market price. High price volatility undermines the role of digital assets as a medium of exchange as retailers are much less likely to accept them as a form of payment. The value of a Coinomo investment relates directly to the price of the digital assets derivatives, and fluctuations in the price of digital assets could adversely affect the investment.
Currently, there is relatively modest use of digital assets in the retail and commercial marketplace compared to its use by speculators, thus contributing to price volatility that could adversely affect an investment in the Coinomo product. If future regulatory actions or policies limit the ability to own or exchange digital assets in the retail and commercial marketplace, or use them for payments, or own them generally, the price and demand for digital assets may decrease. Such decrease in demand may result in the winding up and liquidation of the Coinomo Product at a time that may be disadvantageous to investors, or may adversely affect their investment.
To the extent the public demand for digital assets were to decrease or product offeror is unable to find a willing counterparty for its derivatives whose underlying assets exposure are digital assets, the price of such digital assets can fluctuate rapidly and Coinomo may be unable to close its position related to the derivative products. Shareholders will also be subject to the risk of price fluctuations of digital assets until their investment is fully redeemed from Coinomo. Further, if the supply of digital assets available to the public were to increase or decrease suddenly due to, for example, a change in a digital asset’s source code, the dissolution of a virtual currency exchange, or seizure of digital assets by government authorities, the price of digital assets could fluctuate rapidly. Such changes in demand and supply of digital assets could adversely affect the investment in Coinomo which is benchmarked against the price of those digital assets. In addition, governments may intervene, directly and by regulation, in the digital asset market, with the specific effect, or intention, of influencing digital asset prices and valuation (e.g. releasing previously seized digital assets). Similarly, any government action or regulation may indirectly affect the digital assets market or cryptocurrency and digital asset network, influencing digital asset use or prices.
The investment characteristics of digital assets generally differ from those of traditional currencies, commodities or securities. Importantly, digital assets are not backed by a central bank or a national, supra-national or quasi-national organization, any hard assets, human capital, or other form of credit. Rather, digital assets are market-based: a digital asset’s value is determined by – and fluctuates often, according to – supply and demand factors, the number of merchants that accept it, and the value that various market participants place on it through their mutual agreement, barter or transactions.
Coinomo yield products uses centralized exchanges, decentralized exchanges, OTC traders, and third party DeFi protocols. The functioning of these parties of interests will directly affect the operation of Coinomo Yield Products and in the event that their operations are defrauded, defunct, mal-function, or attacked, the operation and returns of Coinomo investment products will be adversely affected and may result in the loss of funds from Investors.
Prospective investors should consider the above risk factors carefully in determining whether an investment in the Coinomo yield products and investment products is a suitable investment.