6/13/2023 0 Comments Safecat cryptoConsumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.On Dec 23, we issued an updated research report on American International Group Inc.Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses. ![]() There is no guarantee that cryptoassets can be converted back into cash. Marketing materials: Firms may overstate the returns of products or understate the risks involved.īoth PooCoin and SafeMoon are new and launched last month on March 8.Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.Converting a cryptoasset back to cash depends on demand and supply existing in the market. Little is known about the cryptocurrencies and whether they're legit, meaning the risks to your investments are extremely high. You should only invest if you understand it and can afford to lose the money, and keep in mind the value can go down as well as up in the blink of an eye.Ĭryptocurrencies are also highly volatile and a speculative investment, with limited track records and no underlying value. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, told The Sun: "There are now thousands of cryptocurrencies and tokens in circulation with the names becoming weirder by the day. SafeMoon technically isn't a cryptocurrency but a DeFi token, which stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank. Like Bitcoin they use a complicated method called blockchain technology. SafeMoon claims it will reward people who buy and hold onto the cryptocurrency.įor those who sell the currency on will be slapped with a penalty. SafeMoon charges sellers a fee worth 10% of the amount of the cryptocurrency they are flogging to buyers. It then claims to reward investors that hold onto their purchases by redistributing 5% of the cash gained from the penalty charge among those who already have the currency. He added: "You’re simply reliant on someone further down the line being willing to pay more than you did to turn a profit, which is a risky bet indeed." Meanwhile, SafeMoon is similar to a pyramid selling scheme, said Mr Khalaf. While Ms Streeter said: "Much of the demand has come from traders hoping to benefit from future price rises rather than using the coins or tokens as a means of exchange.CATVERSE, including but not limited to the overall project, token, website, smart contracts, utilities, or any applications (“CATVERSE”) as presented in this conceptual paper is not a licensed, unlicensed or exempted financial or payment service of any kind and in any jurisdiction. CATVERSE is decentralized and community driven project and does not have owners, shareholders, promoters, marketers, managers, directors or other figures, or entities exerting any form of governance.Īny terminology used in this white paper or on the Website is intended only as a basic reference, without any effective or legal meaning of the same terms in a regulated and/or financial environment. ![]() The CARVERSE smart contracts are open-source and security audited. The CATVERSE token is strictly a utility token in all jurisdictions and is not and cannot be considered to be a “security” or otherwise regulated token of any kind. ![]() CATVERSE is not in any way e-money and/or fiat money, or an asset backed Stablecoin, whether global or limited in scope. This white paper taken by itself is not a contract or a contractual agreement of any kind, nor is it an invitation, solicitation to invest in CATVERSE or acquire or use CATVERSE tokens in any way and with any expectation of profit therefrom.
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