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The information provided by Mundo Meta (Mundo Crypto) may only be considered for informational purposes and does not constitute and may not be construed as an investment recommendation or any other type of financial, tax, legal or other advice of any nature whatsoever, nor may it serve as the basis for any contract, commitment or decision of any kind. Any references to past performance that may be made by Mundo Crypto cannot be taken as a reliable indicator of future performance.
You understand and agree that any decision you make on the basis of any information provided by Mundo Crypto is made at your own risk.
Investment in cryptoassets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment which are explained in detail below.
High-risk investment product:
The value of investments and the return on investments may experience significant upward and downward fluctuations and the entire amount invested may be lost.
Investments in early stage projects involve a high level of risk, so it is necessary to properly understand their business model.
Cryptoassets within the scope of Circular 1/2022, dated January 10, of the National Securities Market Commission, regarding advertising of cryptoassets presented as investment objects, are not covered by customer protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.
The prices of cryptoassets are constituted in the absence of mechanisms that ensure their correct formation, such as those present in regulated securities markets.
Many cryptoassets may lack the necessary liquidity to be able to unwind an investment without suffering significant losses, since their circulation among both retail and professional investors may be very limited.
Risks inherent to the technology:
Distributed registry technologies are still at an early stage of maturity, with many of these networks having been created recently, so they may not be sufficiently tested and there may be significant flaws in their operation and security.
The recording of transactions in networks based on distributed log technologies works through consensus protocols that can be susceptible to attacks that attempt to modify this record and, if these attacks are successful, there would be no alternative record to back up these transactions and therefore the balances corresponding to the public keys, and all the cryptoassets could be lost.
The anonymity facilities that cryptoassets can provide make them a target for cybercriminals, since in the case of stealing credentials or private keys they can transfer the cryptoassets to addresses that make their recovery difficult or impossible.
Cryptoassets can be held in custody by the holders themselves through their digital wallets or by a third party provider of these custody services. The custody of cryptoassets is a very important responsibility since they can be lost in their entirety in the event of theft or loss of the private keys.
The acceptance of cryptoassets as a medium of exchange is still very limited and there is no legal obligation to accept them.
In general, service providers have their registered office outside the EU, and therefore, the resolution of any conflict could be costly and outside the scope of competence of the Spanish authorities. Mundo Meta Limited, a company dedicated to the development of information and education activities in the field of blockchain technology and cryptoassets, provides its services from Seychelles, and therefore, the resolution of any dispute could be costly and outside the scope of competence of the Spanish authorities.
The investor may not have access to the crypto-assets when they are in digital wallets (“wallets”) of a custody service provider and not have access to the private keys for the control of the crypto-assets. In such case, you must have a password that allows you to access your account to carry out the corresponding transaction, subject to confirmation from the service provider. In the case of $MCTs, when the investor does not hold the cryptoassets because they are in digital wallets (“wallets”) of a third party service provider it is important that he/she reads, understands and verifies the terms and conditions of the custody offered by such third party service provider before acquiring his/her $MCTs in order to know the extent of his/her rights as a user in relation to the custody of his/her cryptoassets.
The custody of cryptoassets involves a very relevant responsibility as they may be lost in their entirety in the event of theft or loss of the private keys. In the case of $MCT (utility token that allows access to the Crypto World ecosystem to benefit from the products and services provided within it), users acquiring the token may decide to grant custody to a third party service provider (e.g. Bybit as a custody service provider when acquiring $MCT through its trading platform), in which case the assets are held in the wallets of this third party service provider, or decide to have their $MCT held in custody through their own wallets, in which case the users themselves have control over the custody of their $MCT. In the event that your $MCTs are held in custody by third party cryptoasset custody service providers, it is important that you read, understand and verify the terms and conditions of the custody offered by such third party service provider before acquiring your $MCTs in order to know the identity of the entity performing the custody of $MCTs, the country in which it performs the custody and the applicable legal framework.