Legal
Risk disclosure
Read this before allocating capital. It describes the ways you can lose money on this platform, in plain language.
Last updated 20 August 2026
1.You can lose money
Allocating capital to digital asset strategies involves substantial risk, including the risk of losing the entire amount allocated. Do not allocate capital you cannot afford to lose.
2.Market risk
Digital asset prices are highly volatile and can move sharply in short periods, including outside normal trading hours. Liquidity can disappear during stress, widening spreads and increasing slippage well beyond normal conditions.
3.Strategy risk
Automated strategies are built on assumptions about market behaviour. Those assumptions can fail. A strategy may perform very differently from its simulated or historical behaviour, may lose money over extended periods, and may breach its expected drawdown before controls take effect.
4.Leverage and derivatives risk
Where a strategy uses perpetual futures, margin or funding-based positions, losses can exceed the notional exposure implied by spot holdings, and positions may be liquidated by the venue.
5.Counterparty and custody risk
Assets are held with third-party custodians and traded at third-party venues. Failure, insolvency, freeze or misconduct at a custodian, exchange or banking partner could delay or prevent recovery of assets.
6.Liquidity and redemption risk
Redemptions are subject to notice periods and to market conditions. In stressed markets, exiting a strategy may take longer than expected or be executed at unfavourable prices.
7.Technology and operational risk
Software defects, connectivity loss, venue outages, data feed errors and failed deployments can cause missed trades, unintended positions or delayed reporting. Automated systems can fail in ways that manual oversight does not immediately detect.
8.Security risk
Despite controls, unauthorised access, key compromise or fraud at any layer of the stack remains possible and could result in loss.
9.Regulatory risk
Digital asset regulation is evolving. Changes in law, licensing or tax treatment may restrict strategies, restrict access in your jurisdiction, or force the wind-down of positions at unfavourable prices.
10.Fee impact
Management fees, performance fees, trading costs, funding and network fees reduce returns. A strategy can produce gross gains and still deliver a net loss after costs.
11.Simulated performance
All performance shown in the current sandbox deployment is simulated. Simulated results are prepared with the benefit of hindsight, do not reflect real execution, and are not indicative of future results. Past performance, where later published, is likewise not indicative of future results.
12.No advice or guarantee
Nothing provided by TANO, including the AI assistant, is investment advice or a guarantee of any outcome. No return is promised, protected or insured. You are responsible for deciding whether an allocation is suitable for your circumstances, and should seek independent advice where appropriate.