Peglabs

TEUR Risk Factors

The following list of risks associated with TEUR and the TEUR Services are not exhaustive.

No guarantee of price stability

PEG Labs does not guarantee that the value of one will always equal one EURO (or its equivalent) of the fiat currency which the TEUR is denominated in (EURO) across all platforms. Due to a variety of factors outside of PEG Labs’s control, the value of TEUR can fluctuate above or below one EURO.

PEG Labs cannot control how third parties value TEUR, and PEG Labs is not responsible for any losses or other issues that may result from fluctuations in the value of TEUR. The risk of loss in holding or trading TEUR may be substantial and losses may occur over a short period of time.

No guarantee of price stability

The value of TEUR may be derived from or influenced by the continued willingness of market participants to subscribe for TEUR in exchange of fiat currencies, which may result in the potential for permanent and total loss of value of TEUR should the market for TEUR disappear.

You should also take into account the potential risk of loss in respect of buying and selling TEUR for the fiat currency which the TEUR is denominated in, arising from fluctuations in currency exchange rates. Currency exchange rates can be very volatile and can change quickly and unpredictably.

Third-party platforms

TEUR is based on open source software and blockchain. This means that third parties can elect to support TEUR on their platforms without any authorization or approval by PEG Labs or anyone else. As a result, TEUR support on any third-party platform (including digital assets exchange platforms) does not imply any endorsement by PEG Labs that such third-party services are valid, legal, stable, or otherwise appropriate. We do not own or control the blockchain that TEUR runs on and are not responsible for the operation of the blockchain network and make no guarantees regarding the network’s security, functionality, or availability. PEG Labs is not responsible for any losses or other issues you might encounter using TEUR on non-PEG Labs platforms. Users accept all consequences from the holding and transfer of TEUR. TEUR transactions are not reversible. Once you send TEUR to an address, you accept the risk that you may lose access to, and any claim on, that TEUR indefinitely or permanently. For example, (i) an address may have been entered incorrectly and the true owner of the address may never be discovered, (ii) you may not have (or subsequently lose) the private key associated with such address, (iii) an address may belong to an entity that will not return the TEUR, (iv) an address belongs to an entity that may return the TEUR but first requires action on your part, such as verification of your identity.

Software protocols and operational challenges

You are aware of and accept the risk of operational challenges. PEG Labs may experience sophisticated cyber-attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions to the TEUR Services. You understand that the TEUR Services may experience operational issues that lead to delays, including delays in redeeming TEUR. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold PEG Labs accountable for any related losses.

Compliance

You are responsible for complying with applicable law. You agree that PEG Labs is not responsible for determining whether or which laws may apply to your transactions, including tax laws. You are solely responsible for reporting and paying any taxes arising from your use of the TEUR Services, including any accurate reporting of the tax or legal status of TEUR in your jurisdiction.

Legislative and regulatory changes

Legislative and regulatory changes or actions in the jurisdictions where we conduct business may adversely affect the tokenization of fiat currency into TEUR, and the use, transfer, redemption, and/or value of TEUR.

Legal treatment of TEUR transfers

The regulatory status of TEUR and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to TEUR, blockchain technology, and its applications. Accordingly, it is not possible to determine whether an TEUR transfer would be recognized under applicable law by a court or regulator.

On-chain transactions irreversible

When TEUR is sent out of your TEUR Account to a third-party TEUR address, such transaction is completed on the blockchain. This means that such transaction is irreversible and PEG Labs does not have the ability to reverse or recall any transaction once initiated. You bear all responsibility for any losses that might be incurred as a result of sending TEUR to an incorrect or unintended TEUR address.