⚠️ YOU CAN LOSE ALL OF YOUR MONEY
chainwheel facilitates EXTREMELY HIGH-RISK cryptocurrency trading activities. There is a substantial risk that you will lose some or all of your invested capital.
DO NOT invest money that you cannot afford to lose completely.
This Risk Disclosure Statement outlines the significant risks associated with using chainwheel, a decentralized application that facilitates random cryptocurrency token trading on the Solana blockchain.
You must read and understand these risks before using our platform. By using chainwheel, you acknowledge that you have read, understood, and accepted all risks outlined in this document.
📋 This is not investment advice. Consult with qualified financial professionals before making any investment decisions.
chainwheel's random token selection mechanism makes it an extremely high-risk platform:
Random Selection: Tokens are selected randomly, not based on fundamental analysis, technical analysis, or any quality metrics
No Due Diligence: We do not research, vet, or recommend any tokens
Speculative Nature: Many tokens may have no real utility, active development, or community support
Gambling-Like Activity: The random nature makes this similar to gambling rather than investing
chainwheel is designed for entertainment and experimental purposes. It should not be considered a serious investment platform or strategy.
🚨 100% LOSS POSSIBLE
Tokens can become completely worthless
Projects may be abandoned by developers
Tokens may be delisted from exchanges
Smart contracts may contain fatal bugs
Liquidity can disappear entirely
Extreme Volatility: Cryptocurrency prices can fluctuate by 50-99% or more in short periods
Market Manipulation: Small-cap tokens are susceptible to pump-and-dump schemes
Low Liquidity: You may not be able to sell tokens when you want to
Slippage: Large price movements during transaction execution
No Market Makers: Many tokens lack sufficient trading volume
Smart Contract Bugs: Code vulnerabilities could result in permanent loss of funds
Blockchain Network Issues: Solana network congestion or failures
Wallet Risks: Loss of private keys, wallet hacks, or user errors
Protocol Risks: Jupiter Protocol or other integrated services may fail
Frontend Risks: Website attacks, DNS hijacking, or interface bugs
Legal Status: Cryptocurrencies may be banned or heavily regulated in your jurisdiction
Tax Implications: Complex tax reporting requirements and potential liabilities
Compliance Changes: New regulations may make tokens illegal to trade
Exchange Restrictions: Tokens may be delisted due to regulatory pressure
Rug Pulls: Developers may drain liquidity and abandon projects
Fake Tokens: Tokens may impersonate legitimate projects
Exit Scams: Projects designed to steal investor funds
Honeypots: Tokens that allow buying but prevent selling
Social Engineering: Fake support or phishing attempts
Using chainwheel involves additional platform-specific risks:
No Investment Strategy: Random selection provides no strategic advantage
Algorithm Dependence: Our token selection algorithm may be flawed or biased
Data Dependency: Platform relies on third-party APIs which may provide inaccurate data
Platform Downtime: Service interruptions may prevent trading when needed
Fee Structure: 0.2% platform fee reduces your returns
No Customer Support: Limited ability to reverse transactions or resolve issues
Every transaction involves multiple fees:
chainwheel platform fee: 0.2% of SOL amount
Solana network transaction fees
Jupiter Protocol fees
Liquidity provider fees
Potential slippage costs
Frequency of Loss:
Most cryptocurrency investments lose money
Random trading typically performs worse than market averages
High-frequency trading increases fee burden
Emotional trading often leads to poor decisions
Trading cryptocurrencies can negatively impact your mental health and decision-making:
Addiction: Gambling-like mechanics can be psychologically addictive
Stress and Anxiety: Volatile price movements cause emotional distress
FOMO (Fear of Missing Out): May lead to impulsive, poor decisions
Overconfidence: Early wins may lead to increased risk-taking
Loss Chasing: Attempting to recover losses with larger bets
Social Impact: Financial stress affecting relationships and work
chainwheel may be suitable for you ONLY if:
You can afford to lose 100% of the money you invest
You understand this is experimental/entertainment, not investing
You have experience with cryptocurrency trading
You have a stable financial situation
You understand blockchain technology and smart contracts
You will not borrow money to trade
You can control your emotions during losses
chainwheel is NOT suitable if:
You need the money for living expenses
You are seeking steady returns or income
You have limited experience with cryptocurrencies
You are prone to gambling addiction
You are in debt or financial distress
You cannot tolerate significant losses
You do not understand the risks outlined in this document
If you choose to use chainwheel despite these risks, consider:
Position Sizing: Never risk more than you can afford to lose completely
Diversification: Don't put all funds into random token trading
Time Limits: Set strict time limits for trading sessions
Loss Limits: Decide maximum loss amount before trading
Regular Breaks: Take extended breaks from trading
Professional Advice: Consult financial advisors
Emergency Fund: Maintain separate emergency savings
No Investment Advice: This platform does not provide investment, financial, trading, or other advice. All decisions are yours alone.
No Guarantees: We make no guarantees about platform performance, token quality, or potential returns. Past performance does not predict future results.
Your Responsibility: You are solely responsible for:
Understanding all risks before trading
Complying with applicable laws and regulations
Paying all taxes on transactions
Securing your wallet and private keys
Making informed decisions about your trades
Cryptocurrency markets are affected by numerous factors:
Global Economic Events: Recessions, inflation, monetary policy
Regulatory Announcements: Government actions affecting crypto
Technology Changes: Network upgrades, security issues
Market Sentiment: Fear, greed, and herd behavior
Institutional Activity: Large investor movements
Media Coverage: News events driving price volatility
Stop trading immediately if you're experiencing significant stress
Seek professional financial advice
Consider gambling addiction resources if applicable
Don't chase losses with borrowed money
Remember that financial losses are not the end of the world
Resources for Help:
National Problem Gambling Helpline: 1-800-522-4700
Financial counseling services
Mental health professionals
Debt counseling services
BY USING CHAINWHEEL, YOU ACKNOWLEDGE THAT:
You have read and understood all risks in this document
You understand you may lose all of your invested money
You are using money you can afford to lose completely
You understand this is experimental/entertainment, not serious investing
You accept full responsibility for all trading decisions and outcomes
You will not hold chainwheel responsible for any losses
You are legally permitted to trade cryptocurrencies in your jurisdiction
IF YOU DO NOT ACCEPT THESE RISKS, DO NOT USE THIS PLATFORM.