Risk Disclosure

Introduction

Prospr is pre-launch and is not available for real-money trading. It does not hold customer funds. The product being built is a non-custodial interface: you connect a wallet you control, and orders are intended to execute on a third-party on-chain venue.

This disclosure sets out the risks of digital-asset markets generally, of holding your own keys, and of the services Prospr is designed to offer. It is not a claim that those services are live, and it is not exhaustive. By using the Services you acknowledge and accept these risks.

No guaranteed outcomes. No strategy or technology produces guaranteed profits. Only commit funds you are prepared to lose entirely. Past performance, whether of a market, a strategy, or a tool, does not predict future results. Market conditions change rapidly and without warning.

1. Self-custody and key risk

On a non-custodial path you connect a wallet you control. Prospr does not hold your private keys and cannot recover a wallet you lose. That removes platform-custody risk. It replaces it with key risk, which sits entirely with you.

• Lost keys. A lost seed phrase, a destroyed device, or a forgotten passcode can mean permanent loss of everything in that wallet. Prospr cannot reset this.
• Signatures you did not intend. If you approve a transaction or a permission you did not understand, assets can leave the wallet. Prospr cannot reverse an on-chain transfer.
• Wrong address or network. Sending to the wrong address, or over the wrong network, is usually unrecoverable.
• Trading permission. Where the interface relies on a permission you grant at connection so that routine orders do not prompt your wallet each time, that permission remains in force until you revoke it. If a session or the systems relying on that permission are compromised while it is active, trades can be placed without a fresh signature from you. A permission scoped to trading does not allow assets to be sent out of your wallet, but trading losses alone can be severe.
• Wallet software. Your wallet is third-party software. Bugs, compromised extensions, and malicious updates in it are outside Prospr’s control.

2. Market volatility

Digital-asset markets are highly volatile. Prices can move sharply over very short periods, in either direction.

• Sudden price moves. Regulatory announcements, technical developments, exploits, macroeconomic news, and shifts in sentiment can all trigger sharp moves. An asset’s price can fall to zero, or crash and recover within minutes.
• Gapping and slippage. In fast markets prices can jump without trading at intermediate levels, making execution at your intended level impossible. Slippage between the price you expect and the price you get can be large. Stop orders are not price guarantees; once triggered they execute at whatever the market offers.
• Behavioural effect. Volatility is stressful, and stress drives decisions people later regret. Only commit capital you can afford to lose.

3. Liquidity

Liquidity is the ability to buy or sell without materially moving the price. Smaller or newer assets often have little of it.

• Execution. In a thin market a large order moves the price against you, and you may be unable to exit a position at anything close to a fair level.
• Spreads. The gap between bid and ask can be wide, so a round trip costs you real value before the market moves at all.
• Exit delays. During market stress or venue disruption, converting a position and moving the proceeds can be delayed. Venues can also impose limits or halts.

4. Leverage and derivative products

Where leveraged or derivative products are available on a venue the interface routes to, they carry risks beyond spot trading:

• Magnified losses. Leverage amplifies losses as much as gains. A small adverse move can wipe out a position.
• Liquidation. If collateral falls below the venue’s maintenance requirement, positions can be closed automatically, at a loss, without warning and faster than you can react.
• Shortfall. In extreme conditions losses can exceed the collateral posted. How any resulting shortfall is handled is determined by the venue’s own rules, which you are responsible for reading.
• Carrying costs. Funding rates, borrowing costs, and fees accrue while a position is open and erode returns over time.
• Availability. These products carry the highest regulatory risk in the stack. Which instruments are available, at what leverage, and in which markets is subject to change and may be restricted or withdrawn.

5. Technology and execution

The platform depends on software, on network connectivity, and on a third-party execution venue.

• Outages. The interface or the venue can go down through technical failure, maintenance, attack, or network problems. During an outage you may be unable to place, adjust, or close positions. Assets in your own wallet remain yours, but open positions on a venue can be left unmanaged at exactly the wrong moment.
• Software defects. No complex software is free of bugs. Defects can cause orders to behave unexpectedly, information to display incorrectly, or actions to fail silently.
• Venue failure. If the venue orders are routed to malfunctions, is exploited, becomes insolvent, or changes its rules, positions and balances held there can be affected even though Prospr does not hold your keys.
• Latency. Delays between your instruction and its execution can change the price you receive, or prevent a fill entirely.
• Data quality. Prices, indicators, and analytics depend on continuous data feeds. Stale, delayed, or corrupted data can lead to decisions you would not otherwise have made.
• Configuration error. Tools execute what you configure, not what you meant. Check settings carefully and test with small amounts before committing significant capital.

6. Security

• Attacks on the platform or its partners. A breach of Prospr, of an identity or fiat partner, or of the execution venue could expose personal data, allow abuse of a trading permission, or put assets held at a venue at risk. Prospr does not hold your keys, so a breach of Prospr should not by itself empty an external wallet. It can still cause serious loss.
• Phishing and impersonation. Fake sites, fake support accounts, and fake token approvals are the most common way people lose funds in this market. Verify the address bar, read what you are signing, and treat unsolicited contact as hostile. Prospr will never ask for a seed phrase, private key, or authentication code.
• Your own devices. A compromised computer, phone, browser extension, or email account can be enough for an attacker to reach your wallet. Device hygiene is part of your risk exposure.
• Smart contracts. Any on-chain contract involved in a transaction can contain flaws. Audits reduce that risk. They do not remove it.

7. Regulatory and legal risk

• Changing rules. The legal treatment of digital assets and of non-custodial interfaces is unsettled and varies widely between markets. New rules can change how Prospr operates, or whether you can use it at all.
• Access restrictions. Prospr may have to restrict or close access for people in particular jurisdictions or circumstances. Because assets stay in your own wallet, restriction of access does not by itself put those assets out of reach, but it can end your ability to use the interface.
• Tax. You are responsible for understanding and meeting any tax obligations arising from your activity. Prospr does not provide tax advice, and rules differ by jurisdiction and change over time.
• Asset classification. An asset you hold could later be treated as a security or another regulated instrument. That can affect its liquidity, its availability, and its value.
• Limited recourse. Protections you may be used to in traditional finance, such as deposit insurance or a statutory compensation scheme, generally do not apply here. Where a transaction is settled on-chain or through a smart contract, practical legal recourse may be very limited.

8. Counterparties and partners

Prospr is not your custodian, but the services it is designed to offer depend on other parties, and you are exposed to their failure.

• Execution venue. Assets or positions sitting with a third-party venue can be lost, frozen, or made untradeable if that venue is exploited, becomes insolvent, or shuts down. Returning funds to a wallet you control is the way to reduce that exposure, and it is not always possible in time.
• Fiat and banking partners. Where a fiat leg is offered, it depends on a partner and on banks. Those parties can delay, block, or freeze a transaction under their own controls, and they can fail.
• Stablecoins. A stablecoin depends on its issuer remaining solvent and managing reserves properly. Pegs can break and redemption can be suspended.
• No insurance. Assets in a self-custodial wallet, and positions held at a venue, are generally not covered by any government deposit-protection scheme. Do not assume a policy exists unless this site names it, its issuer, and its limits.
• Protocol counterparties. Any protocol involved in a transaction can be exploited or fail, with losses falling on the people exposed to it.

9. Automated and managed products

Automated strategies and any managed or pooled product are not part of the initial launch. If offered later, they would carry risks beyond those above:

• Strategy risk. Strategies are built on historical data and assumptions about how markets behave. Conditions that break those assumptions produce losses, and there is no guarantee any strategy performs in future as it has in the past.
• Automation is not supervision. An automated strategy is not a set-and-forget guarantee. You remain responsible for monitoring what is running and for stopping it if something looks wrong.
• Limited control and transparency. In any collective or model-driven product you do not direct individual trades, and some methods are difficult to explain fully. If you cannot form a view on what a product is doing, do not use it.
• Liquidity terms. Any pooled product may have restricted entry or exit windows, which means market exposure you cannot end on demand.

10. Human factors

• Emotional decisions. Fear and greed cause people to abandon plans at the worst moment, including by overriding tools that were working.
• User error. Wrong amounts, wrong addresses, and misread interfaces are common, and on-chain they are usually irreversible.
• Complacency. Automation can reduce vigilance. It does not reduce risk.

11. $PSPR token

The token is not live, and tokenomics have not been published. If $PSPR is issued, holding or using it would carry risks distinct from trading:

• It may never exist. The token may never be issued, and any feature that would use it may never launch. Utility depends on those features existing and being available in your market.
• No price defence. There is no buyback, reserve, peg, floor, or market-support mechanism, and none is promised. $PSPR may be highly volatile, may trade below any price you paid, and could lose most or all of its value. Any reference price used in an illustration is not a prediction, target, or commitment.
• No yield. No APY is quoted or promised. If staking or any other distribution is later offered, it may be zero. Any third party quoting a rate is misrepresenting the position.
• Lock-ups, if any. If staking or another feature later requires a lock-up or cooldown, you may not be able to access those tokens at short notice. The terms that apply will be those shown before you commit.
• Classification. A regulator in your jurisdiction could treat $PSPR, staking, or a related feature as a regulated product, which could restrict availability or affect value.

Conclusion

By acknowledging this Risk Disclosure you confirm that you have considered these risks, along with any others relevant to your circumstances, and that you are prepared for the possibility of significant loss. Use risk management: diversify, size positions deliberately, and commit only capital you can afford to lose entirely.

If you are unsure whether any of this is appropriate for you, seek advice from a licensed financial adviser. You are solely responsible for the decisions you make.