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Before binding tokens on Bound, it’s important to understand the risks involved. Binding is a form of participation, not a guarantee of outcomes.

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Smart Contract Risk

Bound operates through smart contracts. This means:
  • Contracts may contain bugs or vulnerabilities
  • Exploits or failures could result in loss of tokens
  • Not all contracts may be audited
While care is taken in development, smart contracts are experimental by nature.

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Token Risk

Tokens bound to hubs:
  • May fluctuate significantly in value
  • May become illiquid or worthless
  • Are subject to market dynamics outside Bound’s control
Binding does not protect against price movement.

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Reward Uncertainty

Rewards and perks:
  • Are optional and hub-defined
  • Are not guaranteed
  • May change, pause, or end at any time
Participation should not be based on expectations of rewards.

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Hub Operator Risk

Hubs are created and managed by third parties. This means:
  • Hub owners define reward logic and perks
  • Hubs may change direction or become inactive
  • Hub owners may act in ways you disagree with
Bound does not control or endorse hub owners.

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Liquidity & Lockup Risk

Depending on the hub:
  • Tokens may be bound or locked for a period of time
  • Unbinding or unlocking may be delayed or restricted
You should understand a hub’s binding rules before committing.

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Platform Risk

Bound is currently in beta. This means:
  • Features and interfaces may change
  • Downtime or interruptions may occur
  • Reputation systems may be adjusted or reset
The platform may evolve over time.

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Regulatory Risk

Blockchain-based platforms operate in evolving regulatory environments. This means:
  • Legal treatment of tokens may change
  • Access to the platform may be restricted in some jurisdictions
  • Certain features may become unavailable
Bound makes no representations regarding regulatory outcomes.

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Your Responsibility

You are responsible for:
  • Understanding how binding works
  • Assessing risks before participating
  • Complying with applicable laws
If you are unsure, consider observing before binding.

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In Summary

  • Binding involves smart contract and market risk
  • Rewards are not guaranteed
  • Participation requires long-term comfort with uncertainty
Only bind what you can afford to commit.